Following extensive capital improvements program, JV of Advance Realty and The Davis Companies ink lease with graphic communications company
The joint venture between Advance Realty (Advance) and The Davis Companies (TDC) announced today that Great Atlantic Graphics will relocate to 2750 Morris Road — a 650,000-square-foot, reinvented industrial facility in Lansdale, Pennsylvania. Located nine miles from Philadelphia, 2750 Morris Road sits on 84 beautifully landscaped acres and offers prime access and signage opportunities off the Northeast Extension of The Pennsylvania Turnpike at Exit 31, as well as routes 202, 309 and 63. Situated with convenient access to King of Prussia, Plymouth Meeting, Center City, Philadelphia International Airport, and the Lehigh Valley, the property is proximate to a variety of shops, services entertainment and dining options.
Great Atlantic Graphics’ new 68,000-square-foot lease follows a series of infrastructure upgrades at the property that include the addition of new building systems, a new roof and exterior wayfinding signage, as well as improvements to common areas, landscaping, and parking.
Relocating to the Lansdale facility from Malvern, Pa., Great Atlantic Graphics will house both its manufacturing and office operations at 2750 Morris Road, which features robust in-place infrastructure that satisfies the critical components of the company’s facilities requirements.
“Throughout our search for a new space, we’ve been intently focused on identifying a property with world-class manufacturing infrastructure in place, ensuring an optimal work environment for employees and the ideal conditions for print production,” stated Fred Duffy, president of Great Atlantic Graphics. “2750 Morris perfectly positions us for future growth, and we look forward to our upcoming move.”
“Great Atlantic Graphics’ space needs fit perfectly with our vision for 2750 Morris,” said Barry Quiner, Advance Realty’s director of asset management. “Since acquiring the property in 2014, our partnership has been focused on doing everything necessary to attract tenants like Great Atlantic. Specifically, our goal has been to build on the infrastructure that already existed at the site, ultimately elevating it to its current status as a premier facility for climate-controlled production and manufacturing.”
Originally an electronics plant for Ford Motor Company, 2750 Morris Road features heavy power generation; state-of-the-art HVAC and humidity control systems; dual substation power feeds; chilled-water and compressed-air delivery systems; and five diesel generators. The building’s temperature- and humidity-controlled environment makes it particularly well suited for companies seeking versatile, high-quality warehouse, manufacturing or assembly space.
“Just weeks after announcing the completion of our property upgrades at 2750 Morris, it’s exciting to welcome Great Atlantic Graphics at an ideal time when they can take full advantage of the significant renovations we’ve made in partnership with Advance. We’ve applied our repositioning expertise to transform this former electronics plant into a dynamic office and warehouse,” added Mark Bush, a senior vice president of asset management at The Davis Companies.
In addition to Great Atlantic Graphics, 2750 Morris is currently home to a roster of tenants that includes Valmet, Vygon USA, and Fox Bindery. Neighbors include Almac, Merck, Johnson & Johnson and Teva Pharmaceuticals.
Paul Touhey, a senior vice president for CBRE, represented ownership in the lease with Great Atlantic Graphics. Jason Dempsey, owner of Dempsey Development & Brokerage, represented the tenant.
About Advance Realty
Advance Realty is a privately owned real estate development, investment and management company headquartered in Bridgewater, N.J. Since its inception in 1979, Advance Realty has acquired or developed more than 10 million square feet of commercial, residential, R&D, industrial and mixed-use projects. Today, the company owns, manages and invests in a diversified portfolio of office, retail, industrial, residential and mixed-use assets in key urban and suburban markets along the Northeast Corridor. The company actively pursues real estate investments that provide opportunity to enhance value through development, repositioning and redevelopment. Advance’s strong capital base, fully integrated platform, outstanding talent and flexibility as a privately held organization position the company for continued growth. For more information, visit www.advancere.com.
About The Davis Companies
Committed to excellence in both investment performance and operations, The Davis Companies is an integrated real estate investment, development and management firm headquartered in Boston that has invested over $4 billion in gross asset value through real estate equity, debt, and fixed-income securities. A unique combination of capital markets, development and management expertise allows The Davis Companies to nimbly tackle complex and contrarian opportunities. Directly, and with its valued partners, The Davis Companies currently owns a real estate portfolio of approximately 12 million square feet across the Eastern United States.