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StoneMor Relocates to New 37,000-SF HQ

LEVITTOWN, PA-The Bristol-based cemetery and funeral home owner/operator inks a long-term lease at 311 New Rodgers Rd. in a transaction valued in excess of $8 million.

By Marita Thomas | Updated on December 13, 2007

LEVITTOWN, PA-Bristol-based StoneMor Partners LP has signed a long-term lease for approximately 37,000 sf in the 90,000-sf office building at 311 New Rodgers Rd. The transaction is valued in excess of $8 million.

The owner/operator of cemeteries and funeral homes is relocating and expanding its headquarters. As GlobeSt.com recently reported, StoneMor has just entered into an agreement to buy 45 cemeteries and 30 funeral homes, which represents a 37% expansion of its current portfolio.

This lease takes occupancy in the New Rodgers Road building to 82%, according to a spokeswoman for the owner, the Wilmington, DE-based Buccini/Pollin Group Inc., which also has offices in suburban Philadelphia, Baltimore, Washington, DC and New York City. The asset, which is just off I-95, was fully renovated in 2002, she says.

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