Endurance announces the signing of a 60,225 s/f lease at 279 Canal in Lower Bucks County
LOWER BUCKS COUNTY, PA — An affiliate of Endurance Real Estate Group, LLC (Endurance) and Thackeray Partners (Thackeray) announced a new lease at 279 Canal Rd. with Tri-State Container Corp for 60,225 s/f. The tenant was represented by Jeff Rosenfarb of Hart Corporation. Endurance was represented by Jonas Skovdal of Cushman and Wakefield. 279 Canal Rd. is part of a four building portfolio Endurance purchased in late 2017 totaling 240,358 s/f. Shortly after acquiring these assets, Endurance directed a full cleanup and make-ready program for the 63% occupied portfolio. Speculative improvements included paving upgrades, various landscaping enhancements, new T-5 lighting at the 199 Canal building, roof replacements at 199 and 279 Canal as well loading dock door upgrades throughout the portfolio. In addition to the Tri-State Container lease, Endurance recently executed two leases totaling 60,000 s/f at 199 Canal Rd. with Excellent Quality Movers (30,000 s/f) and LKQ Corp (30,000 s/f) fully stabilizing the asset within eight months from acquisition.