Procision Commercial Realty brokers the acquisition of 42,000 s/f office park
Southampton, PA — Procision Commercial Realty, an affiliate of Procision Business Brokers, represented Southampton Park, LLC in the acquisition of Southampton Office Park at 928 Jaymor Rd. in Southampton. This 42,000 s/f Office Park features garden style corporate office spaces. At the time of closing, the Park was 60% occupied. The transaction price is undisclosed. Richard Shore, vice president of Procision Commercial Realty handled the negotiations on behalf of the buyer. Upon the purchase the Office Park had a strong core mix of professional users. “The acquisition is an excellent value added opportunity for the new owners to upgrade the Office Park during lease up of the remaining spaces. We are quite pleased to be the leasing agents for the Property,” said Shore.Along with the leasing and management of the Southampton Office Park, Procision is the exclusive leasing and management agent for over 500,000 s/f of commercial space in Pennsylvania and New Jersey.