Horsham’s Workspace Property Trust Has Strong First Quarter

Photo courtesy of Workspace Property Trust.

Workspace Property Trust, a leading real-estate investment firm based in Horsham, announced the completion of 13 lease transactions in the first quarter of 2016, comprising over 150,000 square feet of space.

These significant lease transactions are indicative of the strong demand for office/flex space in the vibrant Horsham submarket.

“Since acquiring this portfolio in early December, we have worked hard to introduce ourselves to the Horsham community, to engage and partner with the brokerage community and to show ourselves as the new faces and future of suburban office,” said Roger Thomas, President and Chief Operating Officer of WPT.

“This portfolio has boasted strong, consistent occupancy over the last decade,” he said. “Our ability to continue to focus on driving absorption is proof positive of the resurgence of the suburbs.”

Notable lease signings in the first quarter of 2016 for Workspace Property Trust included:

  • Tyco SimplexGrinnell (36,000 sf), at 261-283 Gibraltar Road
  • Finance of America Mortgage (33,205 sf) at 300 Welsh Road
  • New York Life Insurance Company (25,324 sf) at 100 Witmer Road

“WPT consistently provides first class landlord services to our tenants,” said Michael Gervasio, Senior Vice President of WPT. “As a direct result, we have seen strong demand for companies looking to expand as well as take on a significant footprint in the local market.”

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