NGKF Capital Markets has been exclusively retained to sell 3800 Horizon Boulevard in Trevose, Pennsylvania, a five-story trophy office building located in one of suburban Philadelphia’s most accessible locations. Also included in the offering is the adjacent 2.142 acre site approved to be developed with an office building containing approximately 136,000 square feet along with an additional parking garage. The NGKF Capital Markets team comprising Mike Margolis, Dave Dolan, Brett Segal and Taylor King along with area experts, Adam Shute and Jeff Mack are marketing the property.
3800 Horizon is currently 69 percent leased to nine high quality tenants, 20 percent of which are investment grade, with a weighted average term of six years, two months. The property offers a unique value creation proposition – future ownership will have 65,953 square feet of available space within the building including the entire fourth floor (43,286 square feet), which offers exceptional flexibility for single or multi-tenanted requirements.
3800 Horizon offers tenants phenomenal transit and vehicular accessibility. Rail service is accessed just one mile from the property via the Neshaminy Falls SEPTA Regional Rail station,which allows easy access to Center City Philadelphia. In addition, with the Pennsylvania Turnpike (Interstate 276) and US Route 1 adjacent to the park, the property has excellent access to the entire Philadelphia region.
The property provides superior amenities, unmatched by other office locations in the region. Within steps of 3800 Horizon is a Wells Fargo Bank, Starbucks and eight restaurants. The Neshaminy Mall is also within walking distance, and is a thriving retail center boasting 120 stores and over 900,000 square feet of retail space.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
