Lessee: Pennsylvania Manufacturers’ Association Insurance Company
Date: December 2016
Location: Blue Bell, Pennsylvania
Square Footage: 110,000 SF
Lease Term: 22 years
In a sale-leaseback transaction directly with the company, CRIC2 Funds acquired a 4-story, 110,000 square foot Class-A office building located on approximately 7.0036 acres of land that has served as Pennsylvania Manufacturers’ Association Insurance Company?s corporate headquarters since it was built in 1986.? In order to meet the company?s financial and accounting needs, CRIC crafted a customized 22-year triple net lease which provided PMA with the operational flexibility that it desired.