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| 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.
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| 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.”
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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