Bucks County Herald

Quakertown finds a taker for freight station lease

JOE FERRY

Long an eyesore on the western entrance to the borough, the Quakertown Freight House has found a new lease on life.

Borough council recently approved a 10-year sublease agreement with a Montgomery County developer to turn the dilapidated, nearly century-old building into a restaurant or brewpub. Quakertown Borough manager Scott McElree said he expects work to begin next month.

“It’s in bad shape,” McElree said. “Structurally it is fine but they have a lot of other work to do.”

Tentative plans call for expanding the 3,000-square-foot building as well, said McElree.

As part of its economic revitalization plan, the borough has been searching for a tenant for the freight house, which it has leased from SEPTA since 2016. At the time, borough officials said they hoped to see an eatery of some sort open there.

McElree said the developer expects to spend about $1 million improving and expanding the freight house.

Because of the upfront expense, the developer will operate rent free for the first two years, then begin paying the borough about $8,500 a year for the next two years, and just under $10,000 in year five, according to McElree.

The rent will increase 3 percent a year for the next five years. The deal can then be renewed in five-year increments, said McElree.

Principals from QT Freight House LLC of Fort Washington could not be reached for comment

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