County Line Commerce Center

County Line Commerce Center is an office and industrial complex of approximately 426,000 square feet on 26.6 acres in Warminster Township, Bucks County, about 20 miles north of Center City Philadelphia. We acquired the property at auction from the special servicer in late 2016. Scheduled tenant departures meant the property would be roughly two thirds vacant by the end of 2017.We saw value that the distressed sale did not reflect: a large, industrially zoned site with excellent access, 1,700 parking spaces, an on-site power substation, and regional rail service less than a mile away. As the space vacated, we repositioned the property as a value-add redevelopment opportunity, turning a distressed, largely vacant office asset into a well located site for its next use.