Aerial view of Bucks County, PA

STORIES FROM OUR REGION – June 2021

Wilmington Begins Plans to Invest $100M to Spur Future Waterfront Development

Infrastructure work on the first phase, which will involve 30 acres and cost $30 million, is expected to start this summer.

487,000-Square-Foot Burlington Industrial Building Leased to LC Logistics Services Inc.

Another example of the growth being seen in Southern New Jersey’s industrial market, the Ontario-based logistics company chose the New Jersey location to gain better access to the Northeast Corridor.

Industrial/Flex Real Estate Developer Nears Completion on Hatfield Construction Project

Nappen & Associates looks to attract businesses seeking larger warehouses in industrial hubs to Hatfield with their 13,593-square-foot state-of-the-art warehouse facility, expected to be completed by fall of this year.

Former GlaxoSmithKline Property in King of Prussia Adds Penn Medicine as New Tenant

Penn Medicine plans to use the 150,000-square-foot space for expanding research into genetic medicines for rare diseases.

More Center City Office Landlords Pivoting Toward Lab Space Conversion

Eight buildings, totaling more than 1.7 million square feet, are currently repositioning themselves to attract life sciences companies, according to CBRE Inc. research.

$100M University City Development Breaks Ground; 54 Acres Sell in Bucks County

3.0 University Place, an eight-story, 250,000-square-foot lab and office building dedicated to life sciences, is expected to be completed by the fourth quarter of 2022.