Tri-County Commerce Park Adds 250,000 SF of Tenants
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BCW Associates (BCW) has filled more than 250,000 SF of space at at the Tri-County Commerce Park, a 750,000 SF warehouse/distribution facility at 1000 Armand Hammer Boulevard in Pottstown.
The CB Richard Ellis brokerage team of First Vice President Len Redeyoff and Vice President Paul Touhey represent BCW at the park, which has been repositioned as the top warehousing and distribution opportunity along the Route 422 corridor.
Recently completed capital improvements have contributed to the park’s occupancy levels, which were hovering around 40% before the reconfiguration and repositioning. Since completion of the work in the first quarter of 2010, CBRE has closed 250,000 SF of new transactions, and the brokers say another promising deal is in the works that would bring the park’s occupancy slightly over 80%.
“Although BCW took a risk in embarking on extensive renovations in a down economy, that risk is now paying off and allowing us to capitalize on the appeal of smaller national and local warehouse users,” said Jeffrey D. McLellan, President of Cornerstone Realty, Inc., the Waterbury, Connecticut company that manages the property for BCW.
Renovations at the park included demolishing an 80,000 SF portion of the building which allowed for new loading to be created in multiple sections of the property and developing a road plan that allowed trucks and cars 360-degree access. Before the extensive reconfiguration, there was only a single path for ingress and egress and all truck loading was on one side of the building with other areas only accessible by rail.
“The new access and loading has allowed us to reposition the building and appeal to smaller tenants whereas the prior loading restricted much of the building to large users of 100,000 SF or more. Now we can still lease space to those tenants of 100,000 SF of more, but we can also cater to those who need 25,000 SF,” explained Redeyoff.
Tri-County Commerce Park is a versatile and modern one-story, warehouse/distribution facility located at the interchange of Armand Hammer Boulevard and Route 422 in Pottstown, Montgomery County, Pennsylvania. The facility, which is fully sprinklered, has 68 tailgate loading docks with exterior dock seals and ample parking. Tri-County Commerce Park currently has several blocks of space available from 25,000 SF up to 100,000 SF and larger.
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