WARMINSTER, PA—LRS is acquiring 955 Mearns Road in Warminster, PA, a 303,000 square-foot facility with flexible space including office, warehouse, and light fabrication users, from MIM-Hayden Mearns for just over $16 million.
Procision Commercial Realty, an affiliate of Procision Business Brokers, represented LRS in the acquisition. At the time of closing, the building was 96.5% occupied and featured a varied tenant mix and attractive lease terms.
Dan Mayock and Adam Gillespie of SSH Real Estate represented the seller.
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