I-276 / ROUTE 1 INTERCHANGEPA TURNPIKE EXIT 351

SUEZ - WATER TECHNOLOGIES & SOLUTIONS CAMPUS4636 SOMERTON ROAD | TREVOSE, PA

INVESTMENT SUMMARY

I-276PA TURNPIKE

EXECUTIVE SUMMARYTHE OFFERINGAvison Young/CBRE is pleased to offer the SUEZ - Water Technologies & Solutions (WTS) campus, an 11-building (332,400 SF), 45.753 AC campus at 4636 Somerton Road in Trevose, PA for sale to qualified investors. Situated in Bensalem Township within Bucks County, PA, the offering represents a mixed-use campus comprised of office, specialized laboratory, and warehouse space. WTS, a billion-dollar international provider of chemical and equipment services for various water treatment and processing challenges, is seeking to execute multiple sale-leasebacks on seven of the offered buildings.

In addition to the continued tenancy of WTS, an undisclosed lab user who has been at the campus for over 10 years will occupy 10,000 SF at Building 11 on a three-year lease extension commencing in late summer 2019 that is currently being finalized. The campus further boasts a 25,000 SF training & conference center to be delivered vacant upon sale as well as a 10,000 SF gym. Please see the following page for a full description of each building offered as part of the campus.

WTS will sign a one-year lease for Buildings 1-3 upon sale, totaling 151,000 SF and providing the investor with an up-front income stream while marketing the space for future tenancy. Moreover, WTS will execute a 10-year leaseback for their 83,000 SF of advanced laboratory space across all of Buildings 4-6 as well as for all 8,000 SF at Building 12. As such, the next owner is poised to enjoy surety of long-term rental income stemming from a financially-solid tenant. With the ability to lease-up Building 10 as well as tear-down/rehab opportunities at Buildings 7 and 8, the campus presents an expansive value-add opportunity. Altogether, the WTS campus represents the unique opportunity to acquire significant scale in the heart of Bucks County with a major sale-leaseback component to a financially strong tenant with additional value-add possibilities through continued leasing.

PROPERTY DETAILS

Property Address4636 Somerton Road Trevose, PA

Parcel Number 02-003-002

Municipality Bensalem Township

# of Buildings 11 Plus 1 Additional Structure

Total Square Footage 332,400 SF (287,000 NRA)

Land Area (AC) 45.753 AC

TenantsSUEZ - Water Technologies & Solutions Undisclosed Tenant

Price/Square Foot $16,500,000 / $57

CREDIT TENANCY. LONG-TERM PARTIAL LEASEBACK. VIBRANT SUBURBAN SETTING.

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PHILADELPHIASUEZ - WATER TECHNOLOGIES & SOLUTIONS

CAMPUS IS STRATEGICALLY LOCATED WITHIN THE MID-ATLANTIC REGION

TRENTON: 15 MILESPHILADELPHIA: 20 MILESNEW YORK CITY: 80 MILES

4636 SOMERTON RDTREVOSE, PA

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LONG-TERM INCOME FROM FINANCIALLY STRONG TENANTWTS, a billion dollar ($1.28 billion in revenue - 2018 H1 Interim Financial Report) financially sound company, is seeking to execute a 10-year leaseback on Building’s 4, 5, 6, and 12. Each of these four buildings have been deemed critical to future operations by WTS, showing strong long-term commitment by the company to their Trevose facilities and positioning them as a likely continued tenant well into the future while locking-in a solid revenue stream on 91,000 SF of the campus. WTS has additionally spent over $1.8 million in capital improvements since 2015.

STRONG LOCAL MARKETThe campus sits within the Bucks County Industrial submarket, an area that has experienced declining vacancies and heightened tenant attention over the past five years. As of the close of Q4 2018, flex product in the Bucks Industrial submarket boasts a scant vacancy rate of just 5.3%, a figure that peaked at 13.7% at the onset of 2014. Industrial facilities in Trevose have witnessed even further demand, as the vacancy rate at the end of 2018 was just 1.8%. Both developers and tenants have increasingly shown commitment to the local Bucks County flex, office, and industrial markets as they have recognized the value of well-located, transit-oriented flex, R&D, and office space.

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FOR MORE INFORMATION, PLEASE CONTACT:

© Avison Young - Philadelphia, LLC. All Rights Reserved.

Adam GillespiePrincipalD 610.276.3153C 215.384.6040adam.gillespie@avisonyoung.com

James Pasquarella, CCIMSenior Vice PresidentD 610.557.0501C 215.654.3300james.pasquarella@avisonyoung.com

Nick AileoAssociateD 610.557.0502C 215.817.1582nick.aileo@avisonyoung.com

CAPITAL MARKETS

Paul FrenchPrincipalD 610.276.1083C 610.308.1961paul.french@avisonyoung.com

LOCAL MARKET EXPERT

Ronald Spiers, MCRSenior Transaction ManagerD 404.812.5162C 404.435.7715ronald.spiers@cbre.com

Rob NorrSenior Vice PresidentD 404.923.1410C 678.938.1882rob.norr@cbre.com

IN COORDINATION WITH CBRE