Single-Tenant Research and Manufacturing
360 George Patterson Blvd Bristol, PA 19007
360 George Patterson Blvd, Bristol, PA, 19007
Contact for pricing
For Sale
Contact for pricing
Pending
Net leased HQ office and research/manufacturing facility on a 30-acre life sciences campus.
Days on Market103
Property Features for 360 George Patterson Blvd
General Information
- Standard status
- Pending
- Property subtype
- Office
Listing agency
HMX Realty Advisors
(212) 686-0072
Listed by
Dan de Sa · License #NY 40DE0945716
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 6:35PM Checked: Jul 21 at 6:35PM
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
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
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
