JLL selected to lease 13-building office portfolio in suburban Philadelphia
In partnership with Brookwood Financial Partners, JLL will market current availabilities throughout the portfolio spanning Fort Washington, Horsham and Ambler.
PHILADELPHIA, Nov. 12, 2020 –JLL has been selected to market a 675,000-square-foot suburban office portfolio (known as "Portfolio") on behalf of Brookwood Financial Partners, LLC ("Brookwood"). The 13-building portfolio spans several suburbs including Ambler, Fort Washington and Horsham.
The suburban portfolio is situated in markets that have recently blossomed into true lifestyle communities. Taking advantage of market trends, Brookwood has executed several renovations throughout the collection of buildings, including improvements to various lobbies, common areas and restrooms. Externally, the building’s entrances and landscaping are also being refreshed to uphold their commitment to top-quality working environments and align with modern design concepts.
"Brookwood’s financial strength and expert management services at the Portfolio level will help us attract and retain long-standing tenants," said Shute. "In light of the current environment, we are expecting suburban spaces to rise in popularity and demand. As employers gravitate to the suburbs in pursuit of workforce talent, it’s likely we’ll see this trend continue and we’ll see leasing activity accelerate in these highly desirable live-work-play markets."
The Portfolio is currently 87 percent leased with existing availabilities ranging from 1,000 square feet to over 50,000 square feet - allowing for a wide range of tenant sizes.
"Our recently renovated properties look terrific and they are in easy-to-access locations with rich amenities," said Lyn Murphy, Managing Director and Asset Manager for Brookwood. "Given these attributes and the rise in tenants seeking high quality, suburban space, we expect the availabilities in this portfolio to be in demand."
For more information, visit www.us.jll.com/philadelphia.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Brookwood Financial Partners, LLC
About Brookwood – Brookwood is a nationally-recognized private equity real estate investment firm that specializes in acquiring and managing value-add commercial real estate and other real estate-related operating businesses. Since its founding in 1993, Brookwood has invested almost $2.0 billion of equity to acquire a portfolio of 200 commercial real estate properties, seven operating companies, and 452 gas stations with convenience stores, with a total capitalization of over $3.6 billion. The portfolio has spanned multiple asset classes, geographical markets, and industries throughout the United States. www.brookwoodfinancial.com