Despite Pandemic, Real Estate Transactions in Montgomery County Have Not Slowed Down

Christine Tarlecki
By
Image of The Station at Willow Grove, via developer J.G. Petrucci Co. Inc.

Despite the ongoing pandemic, real estate transactions in Montgomery County are still going strong, writes Natalie Kostelni for the Philadelphia Business Journal.

Morgan Properties apartments in Lansdale.

After AmerisourceBergen moves its headquarters from the Millennium office complex in Conshohocken to Sora West, the majority of the vacated 105,000 square feet will not remain empty for long.

This will leave around 35,000 square feet in Millennium empty and looking for a new tenant.

“There are not a lot of large blocks of space in the market,” said John Susanin, who has the listing along with Kyle Hilbert and Joe Nassib of Colliers International.

n fact most of the space will be filled once the complex’s latest owner, Morgan Properties, relocates its headquarters from King of Prussia to Millennium III.

Meanwhile, J.G. Petrucci has formed a partnership with Cabot Properties to develop on speculation a 148,960-square-foot industrial building in Souderton. The completion date is set for this fall.

Warby Parker Eyeglasses in King of Prussia.

Additionally, Warby Parker also added to its brick-and-mortar presence in the area malls with a new location at Suburban Square in Ardmore. The online eyeglass retailer has already opened a store in King of Prussia Mall.

Read more about the recent real estate deals in the Philadelphia Business Journal.

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Video via JG Petrucci. The JG Petrucci Tract in Fairless Hills PA is underway. This video showcases how the property is in the process of mass grading.
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