Jul
27
Equus Capital Buys Suburban Philly Trophy Asset
ByBrandywine Realty and Realen Properties sold 1000 Chesterbrook Blvd., in Berwyn, Pa., which is located in Philadelphia’s largest suburban office submarket.
The seller, a joint venture between Brandywine Realty Trust, a publicly traded REIT based in Radnor, Pa., andRealen Properties, a Philadelphia-based real estate company, was represented by Douglas Rodio, James Galbally, John Plower and Chad Orcutt of JLL. The property was 92 percent leased at the time of acquisition.
Built in 1999, 1000 Chesterbrook Blvd., sits on 12.7 acres and currently boasts a greater-than-market parking ratio of 4.4 spaces per 1,000 square feet, with approximately 75 percent of the existing parking spaces within a parking garage. Equus is now planning to spend approximately $2 million to renovate the lobby and enhance the amenity spaces…
Copyright © 1999 - 2025 Tony Seruga | All Rights Reserved
Affiliates |
Privacy |
Refunds |
Legal & Policies