Bridge Investment Group Acquires Lindenwood Corporate Center in Malvern, PA

 Lindenwood Corporate Center, a 5-building,
 280,034-square-foot Class-A corporate
office campus on Lindenwood Drive
 in Malvern, PA

 

ATLANTA, GA – Bridge Investment Group’s (Bridge) subsidiary Bridge Office announced  the acquisition of Lindenwood Corporate Center, a 5-building, 280,034-square-foot Class-A corporate office campus on Lindenwood Drive in Malvern, Pennsylvania.

Adam Shute

Located in Philadelphia’s Malvern/Exton submarket in fast-growing Chester County, the acquisition is Bridge Office’s second in Pennsylvania.

 The firm also owns Bay Colony, a 250,000-square-foot office campus located in Wayne, Pennsylvania, just seven miles from Lindenwood.

 

Lee & Associates of Eastern Pennsylvania, LLC represented the seller, TA Realty, in the transaction. The property will be leased by JLL’s Adam Shute and Chris Werner. 

 

 

Lindenwood Corporate Center will be managed by Bridge Office’s operating arm, Bridge Commercial Real Estate.  

Chris Werner

“The office is here to stay, and our acquisition of Lindenwood Corporate Center reflects Bridge’s confidence that suburban markets are poised to lead the recovery as office reentries pick up steam in Philadelphia and around the nation,” said Jeff Shaw, CEO of Bridge Commercial Real Estate.

 “We remain focused on high-growth suburban hubs like Malvern as cheaper rent, shorter commutes and abundant outdoor workspace continue to drive demand for companies that are pivoting to keep up with the new expectations of today’s workforce.”

 

“We believe Lindenwood Corporate Center provides a rare opportunity to reposition an asset that has a prime location advantage with considerable upside potential,” said Brian Tretinik, Bridge Office’s Managing Director of Asset Management.

Jeff Shaw

“The surrounding submarket is trending upward due to a talented workforce and population growth, while the property offers walkable amenities and a unique park setting that curate an office community where people want to live, work and play.”

 Located on 28 acres at the interchange of US-202 and Route 29, Lindenwood Corporate Center is strategically located 25 miles northwest of Downtown Philadelphia.

 The area boasts a highly educated workforce, a variety of housing opportunities and excellent walkability and connectivity to the surrounding region given its proximity to US-202 and the Pennsylvania Turnpike.

Brian Tretinik

 The property is located directly across the street from Uptown at Worthington, a 1.4-million-square-foot mixed-use development that includes retail, fast-casual restaurants and luxury apartments, and offers direct connectivity to the popular Chester Valley Trail.

 Developed in 1985, the property is currently home to a wide range of leading brands, including PQ Corporation, Siemens Corporation and Cisco Systems.

 Bridge Office plans to invest an additional $8 million in capital improvements and tenant improvements, including an outdoor amenity area to tie the five-building campus together and create a high-quality, modernized office campus. 

  CONTACT 

 Nick Banaszak,

Vice President

www.thewilbertgroup.com

m: 256.457.5384

.