Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Building Area

Property Description

Jones Lang LaSalle Americas, Inc (“JLL”), has been retained on an exclusive basis to arrange the sale of Makefield Crossing (the “Campus” or the “Properties”), a 91% leased office portfolio that is comprised of eight (8), Class A office buildings located on two separate campuses, North and South, that are half a mile apart from each other. Makefield Crossing, which totals 472,496 square feet, recently underwent a best-inclass modernization program totaling more than $20 million, transforming the Campus into one of the highest quality corporate settings in the region.


Makefield Crossing features a diversified tenant roster, a balanced lease expiration schedule with a weighted average lease term of 5.2 years, and below market in-place rents which presents opportunities to grow NOI as tenant leases roll. This premier corporate setting offers strong in-place cash flow, highlighted by seven premier anchor tenants which occupy 41% of the portfolio and have a weighted average lease term of over 6.5 years. The Campuses have been meticulously maintained by current ownership and recently completed a significant renovation program which has resulted in extraordinary leasing momentum that continues to outpace the market. Located between the Yardley and Newtown Boroughs in historic Bucks County, Makefield Crossing provides qualified investors the opportunity to acquire a best-in-class office portfolio with additional upside through the execution of a lease up strategy aimed at the existing vacancy and the mark-to-market of in-place rents at lease maturities.


With direct access to Interstate 295, the Campus benefits from a convenient commute to the Philadelphia central business district (less than 30 miles) and provides its tenants with unparalleled access to several of Greater Philadelphia’s primary roadways including: Route 1, Interstate 95 and the Pennsylvania Turnpike. As tenants continue to look for differentiated office space, Makefield Crossing is uniquely positioned to attract the market’s premier tenants and draw interest from the highly desirable Princeton, NJ office market as the Scudder Falls Bridge is only 4.5 miles from the Campus. The residential communities found in the immediate area and in Princeton, NJ is home to many corporate executives, making Makefield Crossing a prime destination for business headquarters.

Investment Highlights

Coveted Amenities Differentiate Makefield Crossing

Major improvements to the on-site amenity base as well as upgrades to the campus landscaping and outdoor spaces have greatly enhanced the appeal of the campus, resulting in an extraordinary wave of leasing momentum.


Superior Corporate Setting

Comprised of two campuses, North and South, Makefield Crossing features lush landscaping and picturesque waterscapes, plus direct access to Interstate 295.


Immediate Mark-To-Market Opportunity 

The in-place leases at Makefield Crossings represent a substantial discount to market rental rates. On average, tenants expiring between 2021 and 2026 are paying 19% below market rental rates. 


Life Science & Pharmaceutical Uses Dominate

Makefield Crossing features a number of pharmaceutical and life science companies as the site continues to create a unique synergy among the tenant base.

Last Updated Date: 16 Oct 2020
Doug Rodio
Doug Rodio
Senior Managing Director, Capital Markets
License details
NJ-RS296680 PA-0458708
Brett Segal
Brett Segal
Managing Director, Capital Markets
License details
PA-RS322575

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 16 Oct 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.