NEWS
Best
Real Estate Deal 2009
3rd Place Best Commercial Renovation
Philadelphia Business Journal
November 10, 2009
BRIDGE BUSINESS CENTER
Renovation of 50,000 square feet and approval of
a 60,000 square -foot reconstruction of 360 George
Patterson Blvd. in Bristol.
DEVELOPER: Robert Loughery, Keystone
Redevelopment Group, Doylestown
ARCHITECT: Bernie Elias, the Elias Organization,
Huntingdon Valley
MECHANICAL ENGINEER: Mark Wachter, Wachter
and Associates, West Depford, NJ
LAW FIRM: Tom Profy, Begley Carlin and
Mandio, Langhorne
FINANCIER: William Maeglin, Univest,
Souderton
HIGHLIGHTS: The Bridge Business Center
is a 300,00 complex of office, laboratory, manufacturing
and warehouse and administrative space acquired from
Rohm and Haas in 2006. The complex is in a Keystone
Innovation Zone and Enterprise Zone.
SIGNIFICANCE OF DEAL: This was an adaptive
reuse project incorporating alternative energy and
retrofitting of older labs. The first phase, to renovate
a 50,000 square foot chemistry lab into a multitenant
R & D facility, is expected to create more than
200 jobs. The building's energy-generation system
makes its own electricity and sells excess back to
the grid. By-products of the energy generation —
hot water — are used to heat the buildings,
while electric chillers cool the building. The system
is about 85% green and will in the first year reduce
local carbon dioxide emissions by 2,522 tons while
also passing energy saving on to tenants. The site
also has municipal approval for new construction.
GETTING THE DEAL DONE: Bridge Business Center
received a federal stimulus grant of $1 million to
install its efficient-energy system.
For more information, you can download our Marketing
Brochure Package or please address inquiries to:
Keystone Companies Group, Inc.
242 Wood Street
Doylestown, PA 18901
215-348-7533 (main office)
215-348-7532 (fax)
Rob Loughery: rob@keystoneredevelops.com
Greg Ventresca: gav@keystoneredevelops.com
www.keystoneredevelops.com |
