BPG buys 700,000 s/f facility.BPG Properties, Ltd. (BPG), the operating affiliate of Berwind Property Group, Ltd., announced t the acquisition of 2750 Morris Road, a 700,000 s/f office and manufacturing building located in Worcester Township, near Lansdale, Pennsylvania. The property consists of 87-acres with extensive frontage along the Northeast Extension of the Pennsylvania Turnpike (I-476), approximately three miles from the Lansdale Interchange. The seller was Visteon Systems, LLC. The building is a state of the art electronics manufacturing facility, constructed in 1990 by Visteon, previously part of Ford Motor Company. As part of the transaction, Visteon entered into a lease for 100% of the facility. BPG acquired the property in part to accommodate the real estate requirements of related Berwind Group firms. BPG's portfolio consists of over 20 million square feet of property. |
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