The new company's principals--Dan Maguire, Jim Watson and GabeSpector --were previously with Jenkintown, PA-based PitcairnProperties, where they served as president, director of leasing andproperty management, and director of acquisitions,respectively.

The portfolio totals 314,000 sf and consists of two buildings inthe Bucks County Business Center in Langhorne, PA, and three inKeystone Park in Bristol, PA.

The Langhorne properties are a 40,910-sf building at 1100Wheeler, leased by UK-based Exel Logistics, the giant supply chainmanagement company, and a 100,000-sf building at 181 Wheeler, also100% occupied.

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