NAI Mertz’s Lashner & Licht Broker Sale of 44,416-SF R&D Facility in Bensalem, Pa.
—SigmaPharm Laboratories Purchases Facility for R&D and Manufacturing Business—
Bucks County, Pa. (October 02, 2015) – NAI Mertz, a leading full-service commercial real estate firm serving southern New Jersey and greater Philadelphia, recently brokered the sale of a 44,416-square-foot R&D and manufacturing facility located at 3369 Progress Drive in Bensalem, Pennsylvania, to SigmaPharm Laboratories, LLC. The NAI Mertz team of Jeffrey Licht, SIOR, senior vice president, and Adam Lashner, vice president, negotiated the transaction.
After leasing the building at 3369 Progress Drive for numerous years, this transaction represents SigmaPharma’s purchase of the R&D and manufacturing facility. SigmaPharm Laboratories, LLC, is a privately-held specialty pharmaceutical company, engaged in the development, manufacturing and marketing of unique generic and branded products.
“It is fantastic to see a local company in Bucks County have the ability to purchase the building where it has operated its business for so many years, and we are humbled to have assisted in negotiating this transaction,” said Licht.
“SigmaPharma’s purchase of 3369 Progress Drive represents the desirability of the building’s location, which is close to several major highways, as well as its many modern amenities, which help to sustain and grow the company’s business,” added Lashner.
The building is conveniently located in the northeast region of Philadelphia with direct access to major routes and highways. The facility is equipped with new, state-of-the-art analytical chemistry, pre-formulation and manufacturing equipment, and is organized with the most modern and efficient operational flow configurations based on current Good Manufacturing Practices.
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About NAI Mertz
Founded in 1980, NAI Mertz is a leading full-service commercial real estate firm serving the southern New Jersey and greater Philadelphia areas. With offices in Mt. Laurel, NJ; Bucks County, PA; and NAI Mertz of PA in Wilkes-Barre, PA, the company provides expert services in brokerage, leasing, sales, investments, property management, site selection and construction management in the industrial, office and retail sectors. NAI Mertz’s clients include Fortune 500 companies, financial institutions, private investors, large public corporations and small businesses. Its partnership with NAI Global, one of the largest managed networks of commercial real estate service providers comprising 6,700 professionals in more than 375 offices in over 55 countries, enables the firm to provide large-scale global real estate services with a unique local expertise.
For more information on NAI Mertz, visit its web site at www.naimertz.com, or contact its Mt. Laurel, NJ, headquarters at 856.234.9600, or NAI Mertz of PA at 570.820.7700.