Dow Chemical is looking to unload the former Rohm and Haas labs in Spring House, Montgomery County, where 800 scientists, technicians and other staff once worked supporting its Bridesburg chemical works and other steamy factories, as the company prepares to consolidate the last of its staff there to the former Wyeth property in Collegeville.
So who wants 130 acres in green Spring House? "We've shown it to a huge data-center operator from Germany, and to a brewery that wants an East Coast location," says Steve Marzullo, senior vice president at broker CBRE Inc.'s Philadelphia Metro Capital Group in Wayne. But no deal, so far.
It used to be such rolling-acre suburban campuses in our part of the world attracted drug companies. "Pharmaceuticals are the largest employers in our region. But they've all announced layoffs," Marzullo says. "There are no 800-pound gorillas that are going to walk in and take this site." The plan is to demolish the buildings and keep marketing.