Colliers Concludes Sale of One Summit Square in Langhorne

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Contributes to $19M in Lower Bucks County Sales in Last 12 Months

October 23, 2019 [Langhorne, PA]Matthew Shanahan & Carl Neilson of Colliers International are pleased to announce the sale of One Summit Square – a landmark building just steps from the prestigious Newtown Borough in Langhorne, Pennsylvania.  

The 67,219-square-foot four-story office building is located at 1717 Newtown Langhorne Road, the intersection of routes 413 & 332 (the Newtown Bypass).  One Summit Square is leased by multiple quality tenants including Comcast, Ricoh, and US Congressman Brian Fitzpatrick. The buyer, a locally-based operator of quick-serve restaurants (QSRs), will occupy approximately 13,000 square feet, relocating its own headquarters to the property.   
  
Colliers represented both the seller, Country Life Insurance Company and the buyer, an affiliate of Phoenix Nexus Enterprises, in the transaction. 

With Matt Shanahan’s recent sale of Trumark Financial Credit Union’s former headquarters at 1000 Northbrook Drive and his sale of NCB’s headquarters at 1 Allied Drive, both located in Trevose, he has concluded approximately $19M in office sale transactions in Lower Bucks County within the last twelve months.  

For further information, contact:  
Matthew Shanahan, Senior Vice President   +1 215 928 7560 | Matthew.Shanahan@colliers.com

 

 

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About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
 
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn

 

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Matthew Shanahan

Senior Managing Director

Philadelphia

Matthew Shanahan joined Colliers International in 1999 after graduating from Temple University’s Fox School of Business and Management, with dual majors in Real Estate and Business Law.  Since then, Matt has built a robust client portfolio, ranging from Fortune 500 companies to small businesses, and has been directly involved in over 3 million square feet of office lease and sale transactions in the suburban Philadelphia market. In addition, Matt is a member of the Healthcare Services Group and has received the designation as a Fellow which distinguishes brokers with advanced expertise and experience in healthcare real estate.

Matt’s capabilities include:

·       Strategy and consulting;

·       Landlord and tenant representation;

·       Corporate tenant relocations;

·       Build-to-suit development and transactions;

·       Distressed asset repositioning;

·       Lease audits;

·       Lease negotiation and renewal; 

·       In-depth location analysis and site evaluation;

·       Broker opinions of value

Matt is a Bucks County native and currently resides in Philadelphia with his wife, Bridget and daughter, Talula “Lulu”.

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Carl Neilson

Senior Vice President | Conshohocken

Conshohocken

Carl joined Colliers International’s Philadelphia region in 2012. His real estate market focus is on the sale of investment properties in the Philadelphia region which includes Eastern Pennsylvania, Southern New Jersey and Delaware. As a 25-year veteran of the commercial real estate industry, Carl’s expertise has been with investment sales in representing owners in the marketing of their income properties, acquisition services for private and institutional income property investors, developers and users, as well as various consulting assignments for clients.

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