Endurance Real Estate Group LLC and Greystar-Thackeray plan to develop a 176,000-square-foot warehouse at 205 Schoolhouse Road in Souderton, Montgomery County. The 14.2-acre site, near I-476 and Route 309, was previously owned by Franconia Technology Associates. Endurance did not disclose the purchase price or development cost.

The new facility will neighbor a 176,700-square-foot warehouse at 209 Schoolhouse Road, which Endurance developed in 2020 without a tenant and later sold for $34.5 million after securing Accupac as an occupant. The joint venture, their 13th since 2006, aims to replicate that success, with construction starting soon and completion expected by late 2025.

*Article courtesy of Philadelphia Business Journal

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