October 21, 2020, 1:30 PM
Newmark announces the transaction of four leases totaling 30,323 square feet at County Line Commerce Center, located at 101-163 East County Line Road in Warminster, Pennsylvania. The leases include 12,521 square feet leased to Sabre Systems, Inc.; 10,655 square feet leased to Youbill, Inc.; 4,000 square feet leased to ScanSource, Inc. and 3,147 square feet leased to Procensis, Inc.
Newmark Managing Director Justin Bell represents owner, Balashine Properties, a Pennsylvania-based company acquiring Class A and value add office buildings to provide first-class management.
“With renovations at the County Line Commerce Center campus and the addition of an amenity center, we have seen a healthy amount of tenant interest,” said Bell. “Property improvements have proven very successful, leading to four leases, with our most recent being completed during this challenging COVID-19 environment. County Line Commerce Center has additional space available with a full suite of amenities for tenants.”
County Line Commerce Center (CLCC) is a dynamic corporate campus centrally located on the border between Bucks and Montgomery Counties. CLCC is helping businesses attract top talent, right-size their office space and significantly reduce occupancy costs. The campus is ideal for professional office, medical, education, lab/life sciences, biotech and pharmaceutical tenants.
The amenity center is exclusively for tenants and includes a grab n’ go café, fitness center with locker rooms and showers, a 50+ seat town hall training room and a 20± seat board room. All the interior and exterior entrances, lobbies, common areas, rest rooms, stairwells and elevators were renovated in 2020 and provide the opportunity to incorporate unique branding.
About Newmark Group, Inc. (NASDAQ: NMRK)
Newmark Group, Inc. is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology and industry expertise, Newmark brings ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2019, Newmark Group, Inc. generated revenues in excess of $2.2 billion. To learn more, visit nmrk.com or follow @newmark.
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Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.