Colliers International represent the landlord in 101,920 s/f lease in Perkasie, Pennsylvania
Perkasie, PA — On behalf of Pennridge Airport Business Park, Colliers announced that inaugural tenant Fres-co System USA, Inc. has recently entered into a long-term lease for 101,920 s/f of new, modern industrial space located at 500 North Ridge Rd., Perkasie, PA. The expansion is fueled by a surge of growth of the 42-year-old company. Colliers International represented the landlord, Pennridge Development Enterprises, and CBRE Inc. represented the tenant, Fres-Co System USA, in this transaction. Fres-co, headquartered in nearby Telford, PA, is a leading manufacturer of flexible packaging - the fastest growing segment of the packaging industry focused on more modern, cost-efficient and sustainable approaches, marking a departure from traditional rigid containers. Fres-co provides its flexible solutions across markets ranging from food and beverage to chemicals and pharma. “Our company is growing and this large industrial distribution space will allow us to continue providing exceptional service to our customers,” shared Fres-Co chief financial officer Mark Stinson. “We welcome Fres-co System USA, Inc. as a substantial industrial anchor tenant to the Pennridge Airport Business Park. I am also delighted to share that site construction will begin immediately on the second 100,000 s/f building - as demand remains high for industrial space in and around the greater Philadelphia market.” said Rob Brink, president of Pennridge Development Enterprises, Inc.