Skip Ribbon Commands
Skip to main content

Office Insight

United States | Philadelphia, PA

Report | Philadelphia Suburbs Office Insight - Q3 2015


Four large investment sales took place this quarter in King of Prussia / Wayne totaling $211.5 million. 

CrossPoint at Valley Forge, a recent redevelopment project at 550 E. Swedesford Road, sold for $328 per square foot, topping last year’s high watermark of 1000 Continental Drive by $22 per square foot. Elsewhere, Liberty Property Trust continued its exit from suburban Philadelphia office buildings, selling a three-building portfolio at Devon Park Drive to a private partnership for $253 per square foot and the four-building Bay Colony Executive Park to Equus Capital Partners for $151 per square foot. The purchase price reflects the fact that Equus plans on renovating the outdated project back to true Class A space. 

Additionally, Class B office sales have broken the $200-per-square-foot water mark as the fully leased 211 S. Gulph Road sold for $205 per square foot.

Learn more about what’s happening—and what we expect to occur in the coming months—in the Philadelphia suburbs.

To access the report, simply complete the form.

Please fill out the form to access the report.
Trouble downloading? Please click the following link.