On June 7, 2006, Penguin Cabot, L.P. purchased 2050 & 2080 Cabot Boulevard, Langhorne, PA.
The property is strategically located in the heart of Bucks County Business Park in the high growth corridor of I-95 and Route 1 in Lower Bucks County. This is the second largest business campus in the Philadelphia market area. The property consists of two two-story Class A-/B+ office buildings comprising 70,200 square feet. The two buildings share 6.99 acres. The 2050 Cabot building is 28,850 square feet and was built in 1975 and was renovated in 1989. The 2080 Cabot building is 42,350 square feet and was built in 1991 and was renovated in 2002. Both buildings are in good condition.
Designed for multi-tenant occupancy, the property features a full range of advanced technological amenities to both enhance corporate image and to maximize employee productivity. The property includes 335-shared parking spaces. The property occupies an outstanding, highly visible location with frontage on I-95 and Route 1 in Langhorne, Pennsylvania. At the present time, both buildings are 100% occupied.
Penguin Real Estate Investors, LP
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