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Key Facts

Baujahr 1976
Gebäudefläche
Vermietungsstand 86.0 %
Last Updated Date 12 Mar 2020

Objektbeschreibung

Currently 78% leased to a mix of creative and prototypical office tenants, the King of Prussia Business Center features a diversified rent roll and a balanced lease expiration schedule with a weighted average lease term of 4.1 years. Current ownership has maintained institutional-level quality buildings and has executed over 52,000 square feet of new leasing activity in the last 12 months. The Portfolio offers qualified investors the value-add opportunity to acquire an office campus that provides strong in-place cash flow with the potential of additional upside through the lease-up of existing vacancy and the execution of modernization and amenitization programs aimed to position the Portfolio as one of the region’s premier creative office parks.

Investment-Highlights

Jones Lang LaSalle Americas, Inc (“JLL”), has been retained on an exclusive basis to arrange the sale of the King of Prussia Business Center (the “Portfolio” or the “Offering”), a portfolio of fourteen, single and multi-story office buildings totaling 181,153 square feet that are located on 14.32 acres in King of Prussia, Pennsylvania, one of Philadelphia’s premier live-work-play environments.
Brett Segal
Brett Segal
Managing Director, Capital Markets
Lizenz details
PA-RS322575
Doug Rodio
Doug Rodio
Senior Managing Director, Capital Markets
Lizenz details
NJ-RS296680 PA-0458708

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