The Bridge @ Collegeville.
New owners David Werner Real Estate and GreenBarn Investment Group have partnered on a 1.4-million-square-foot expansion.
The Bridge @ Collegeville’s new owners are poised to make the Upper Providence 340-acre location on Arcola Road into a 3-million-square-foot life sciences and biomanufacturing campus in the future, according to BUCKSCO Today and the Philadelphia Business Journal.
New York-based David Werner Real Estate Investments and GreenBarn Investment Group have partnered on a new renovation and expansion of the parcel, per the reports.
All in all, the partnership wants to expand the current 1.9-million-square-foot campus by 75% to 3.3 million square feet, per the reports.
The Bridge at Collegeville will get new office, lab and manufacturing spaces, according to BUCKSCO Today, as well as a new atrium, fitness center, golf simulator, pickleball courts, an outdoor fire pit, amenity center and a food truck area. All in all, there are 14 interconnected buildings on the parcel.
The property, per reports, currently has a licensed heliport, tennis courts, and walking trails.
Per its website, The Bridge @ Collegeville is a “340-acre, state-of-the-art, Class-A” facility with 1.89-million rentable square feet of office and laboratory space and “access to an impressive field of higher education institutions.”
According to Montgomery County land records, David Werner, as Collegeville Holdings LLC, purchased the property from Wyeth-Ayerst Pharmaceuticals (Pfizer) for $71.4 million in August 2023. The property is assessed at $98.3 million.
Pfizer will remain a tenant on the property, according to Philadelphia Business Journal, and Dow just signed a long-term lease extension for 800,000 square feet at the site.
Read more on the expansion here.
