NEWS

Group 7 NEWS

Modlo announces acquisition of 1 million square foot portfolio in Lower Bucks County, PA

Apr 23, 2021

Today an affiliate of Modlo acquired 3600 Progress Drive and 3800 Marshall Lane in Bensalem, Pennsylvania. The two buildings total more than 1,000,000 square feet and are located within close proximity to I-95, I-276, and the New Jersey Turnpike. “These assets are an exciting addition to Modlo’s expanding portfolio in the Northeast,” said Oscar Wong, Senior Vice President of Acquisitions. “We believe the properties will continue to benefit from favorable supply and demand dynamics within Lower Bucks County given the attractive physical characteristics of each asset. Further, we believe the entire submarket is poised for growth given continued infrastructure improvements and enhanced connectivity between I-95 and the New Jersey Turnpike corridor.”