Wednesday, October 10, 2018

HFF announces sale of 1400 Atwater Drive in suburban Philadelphia, PA



1400 Atwater Drive Office Complex, Malvern, PA

PHILADELPHIA, PA, Oct. 10, 2018 HFF announces the sale of 1400 Atwater Drive, a 299,809-square-foot, Class A office building in the Philadelphia-area community of Malvern, Pennsylvania.

The HFF team represented the seller, Gramercy Property Trust.  Equus Capital Partners, LTD purchased the asset.  1400 Atwater was marketed in conjunction with a portfolio of office assets located in Florida, Illinois, New Jersey, North Carolina, Ohio, Tennessee and Texas.

1400 Atwater Drive is ideally positioned on a 24.84-acre site overlooking Atwater Lake within the Atwater Corporate Center, the newest office development in the Malvern/Exton submarket. 

Aerial photo of 1400 Atwater Drive, Malvern, PA

 The five-story property has direct access to the Pennsylvania Turnpike via Route 29 and affords commuters easy access to the Greater Philadelphia area, including Philadelphia’s central business district approximately 30 miles southeast and Philadelphia International Airport, located 35 miles away. 

 Completed in 2013, the LEED Silver-certified building is fully leased to Endo Pharmaceuticals as its North American Headquarters.

According to HFF, “1400 Atwater is widely considered one of the premier office buildings in Greater Philadelphia and features a dynamic rent roll that offers Equus Capital Partners, LTD a stable income stream.”


 CONTACTS:
DOUG RODIO
PA Lic. #RS296680
HFF Senior Managing Director
(484) 532-4200

ANDREW LEVY
HFF Senior Managing Director
(214) 265-0880

BRETT SEGAL
HFF Managing Director
(484) 532-4200

KRISTEN MURPHY
HFF Director, Public Relations
(617) 338-0990



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