JLL selected to lease 13-building office portfolio in suburban Philadelphia

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.

JLL Executive Vice Presidents Adam Shute and Patrick Grenko will lead leasing efforts.

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.