Single-Tenant Research and Manufacturing
For Sale
Contact for pricing
Pending
360 George Patterson Blvd, Bristol, PA 19007
Net leased HQ office and research/manufacturing facility on a 30-acre life sciences campus.
Property SizeContact for details
Days on Market135
Property Features for 360 George Patterson Blvd
General Information
Standard status
Pending
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
HMX Realty Advisors
(212) 686-0072
Listed By:
Dan de Sa · License #NY 40DE0945716
Source:
Crexi
Added: Apr 10
Changed: Aug 14
Last Checked: Aug 20 at 9:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HMX Realty Advisors
Investment Insights
Based on property information with market context.
This single-tenant net leased HQ office, research and manufacturing facility is leased to Abzena. The tenant has signed a new 10-year triple net lease with 2.5% annual escalations, and The Chemistry Research Solution, LLC—a wholly owned subsidiary of Abzena Holdings Inc.—uses the property and guarantees the lease.
The tenant recently announced a $5 million investment in the building, with half of that amount allocated to installing new fume hood systems and associated air supply and venting systems in connection with the installation of a second GMP certified drug manufacturing facility. If the tenant does not renew, the landlord can require Abzena to remove these systems at the tenant’s expense.
The property is located on a 30-acre campus that is a state innovation and enterprise zone targeted to support Life Sciences, Advanced Manufacturing and Alternative Energy companies. Other tenants in the campus include The Dow Chemical Company, Arkema, and Solvay. The 1/3 of the building not previously leased to Abzena/TCRS has been delivered in raw shell condition, and the tenant is making all improvements at its sole cost.
The tenant recently announced a $5 million investment in the building, with half of that amount allocated to installing new fume hood systems and associated air supply and venting systems in connection with the installation of a second GMP certified drug manufacturing facility. If the tenant does not renew, the landlord can require Abzena to remove these systems at the tenant’s expense.
The property is located on a 30-acre campus that is a state innovation and enterprise zone targeted to support Life Sciences, Advanced Manufacturing and Alternative Energy companies. Other tenants in the campus include The Dow Chemical Company, Arkema, and Solvay. The 1/3 of the building not previously leased to Abzena/TCRS has been delivered in raw shell condition, and the tenant is making all improvements at its sole cost.
Key Highlights
- Single‑tenant net leased HQ office, research, and manufacturing facility leased to Abzena
- New 10‑year triple net lease with 2.5% annual escalations; lease guaranteed by Abzena Holdings Inc. subsidiary
- Tenant investing $5 million into the property; $2.5 million toward new fume hood systems and air supply/venting for a second GMP‑certified drug manufacturing facility
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
246
Businesses Nearby
Explore this area
Business Placement
Demographics for 19007, PA
21,849
Population
9,675
Households
2.3
Avg Household Size
40
Median Age
24%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$66,811
Median Household Income
$43,642
Median Earnings
$1,029
Median Rent
$264,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Net leased HQ office and research/manufacturing facility on a 30-acre life sciences campus.
Where is this manufacturing property located?
The property is located at 360 George Patterson Blvd Bristol, PA.
What are key features of this property?
This property features: Single‑tenant net leased HQ office, research, and manufacturing facility leased to Abzena; New 10‑year triple net lease with 2.5% annual escalations; lease guaranteed by Abzena Holdings Inc. subsidiary; Tenant investing $5 million into the property; $2.5 million toward new fume hood systems and air supply/venting for a second GMP‑certified drug manufacturing facility
