|Last Updated Date||18 Feb 2020|
Jones Lang LaSalle (“JLL”), has been retained on an exclusive basis to arrange the sale of 3043 Walton Road (the “Property”), a 92,000 square foot, single tenant office property located in Plymouth Meeting, PA. The Property is 100% leased to Health Advocate, a national health advocacy, patient advocacy and assistance company serving over 40 million people across the United States and is owned by West Corporation, a $2.6 Billion telecommunications provider. 3043 Walton Road enables investors the opportunity to acquire a fully stabilized, 100% leased asset with a weighted lease term of approximately 5.9 years. The Property offers a strong, secure income stream with annual rent escalations from a tenant that has been committed to the site for over 15 years. Health Advocate, which was purchased by West Corporation in 2014 for $265 million, has experienced exceptional growth since 2001 and has over 600 employees. The company offers its clients a wide range of products including: Wellness Advocacy, Chronic Care Management, and HR solutions. The parent company, West Corporation, is a leading telecommunications provider and a subsidiary of Apollo Global Management, one of America’s largest private equity firms with over $248 billion in assets under management.
A 92,000 square foot, single tenant office property located in Plymouth Meeting, PA.100% leased to Health Advocate.