NY Firm Buys LEED Gold Building in Bucks County
Ten minutes north of the Oxford Valley Mall is an unobtrusive building recently acquired the Advalurem Group, a New York-based real estate investment firm. The property, located at 1000 Floral Vale went for $19 million.
Built in November of 2009, the 89,000-square-foot office building in Bucks County holds a LEED Gold certification for “meeting energy efficient and environmentally safe design standards”. The construction, which has 80 percent of its space leased, caught the firm’s attention upon realizing its location would prove advantageous.
From the media release:
The property is located in Lower Makefield Township, a high-income demographic area of northern Philadelphia, proximate to many employment demand drivers, transportation networks and commercial retail nodes.
“This is an area that grabbed our attention,” said Gabriel Pozo, Principal and Founder of Advalurem Group. “Lower Makefield Township is one of Philadelphia’s more prominent submarkets. It is ranked the #1 wealthiest area in Pennsylvania and is consistently featured in CNN/Money’s top rankings of ‘Best Places to Live’ in the U.S.”
A ground level shot of the property’s exterior: