The assessed value of a massive Collegeville office campus occupied by Pfizer and Dow has been reduced by more than 75% after two rounds of appeals. The new assessment for the parcels making up the 340-acre Bridge at Collegeville campus is a combined $45.4 million, according to Montgomery County property records, down from a combined $184.2 million since 2011. Property owners David Werner Real Estate Investments and GreenBarn Investment Group will pay $1.9 million in property taxes for 2025 instead of the $7.8 million that would have been owed using the higher property assessment. The assessment reductions, initially granted by the Montgomery County Board of Assessment Appeals and later finalized through court stipulation, bring the property’s market value to $147.6 million using the county’s common level ratio of 3.25.
Source: Philadelphia Business Journal; 10/2/2025