MIM-Hayden acquired two large, well located office/industrial property in September 2011. It was purchased at auction following a securitized loan foreclosure on the building.
955 Mearns Road is a 306,000 SF mixed-use building located on 34 acres in an industrial park in Warminster, PA, a northern suburb of Philadelphia. MIM-Hayden has significantly upgraded the property through major capital expenditure program. Through new leasing initiatives and extensions, the quality tenant base has resulted in 93% occupancy for the building.