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Phase I of New Britain Center Begins With 50% Lease

CHALFONT, PA-Having secured a seven-year lease for 22,500 sf with Bohler Engineering, BPG will break ground for the first of three 50,000-sf buildings in Phase I of its planned 475,000-sf office and R&D complex here.

By Marita Thomas | Updated on December 09, 2003

CHALFONT, PA-With Bohler Engineering’s signing of a seven-year lease for 22,500 sf in New Britain Corporate Center here, Philadelphia-based Berwind Property Group will begin construction of the first of three, two-story, 50,000-sf office buildings this month. The ground breaking represents the first part of Phase I in a planned 62-acre, 475,000-sf office and R&D complex.

Terms of the Bohler lease for approximately half of the initial building are undisclosed. A broker familiar with the Bucks County and New Britain Township office market tells GlobeSt.com the average asking rental rate is $22.15 per sf.

The building will be located at 1600 Manor Dr. in the development, which is at the intersection of US Hwy. 202 and County Line Road and adjacent to the 140,000-sf New Britain Village Shopping Center. The developer is BPG’s development affiliate, Berwind Development Services. Penntex Construction is the general contractor, and Wulff Architects is the building architect and space planner for Bohler.

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