Spring Mill Creative Campus

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Spring Mill Creative Campus (the "Property", "Campus"), a fully repositioned, multi-building office campus located in Conshohocken, Pennsylvania — Philadelphia's preeminent office submarket. Comprising 508,473 square feet across 7 buildings, Spring Mill represents a rare opportunity to acquire an institutionally maintained campus that occupies a category of one in its market, offering a physical product — high ceilings, open floor plans, and a flexible multi-building configuration — that no competing asset of comparable scale can replicate.

Since acquiring the Campus in 2019, ownership has invested $15MM+ to reposition Spring Mill into an institutional-quality asset, modernizing the property's common areas, amenity offering, and building systems. That investment has already produced demonstrated rent growth, with in-place rents exceeding rents at the time of acquisition by nearly 30%. The result is a campus whose physical quality now matches the strength of its location and the breadth of its tenant demand — healthcare practices, media companies, architectural firms, AI and technology firms, and other non-traditional occupiers who require exactly what Spring Mill uniquely provides and have no comparable alternative in the market. That captive demand profile is reflected in the property's strong in-place physical occupancy today.

The investment also offers a well-defined value-creation pathway. Spring Mill’s average in-place rent of $32.65 PSF sits below recent on-campus leasing activity of $38.50 PSF, providing an incoming owner with an immediate and measurable mark-to-market opportunity as existing leases roll. The broader submarket context supports continued rent growth — West Conshohocken, the region’s premier office node, is currently achieving north of $42.00 PSF and trending upward, and Spring Mill is directly positioned to draft off of those strengthening fundamentals. Conshohocken’s established infrastructure, proximate access to both Center City Philadelphia and the Main Line, and deep base of professional and creative employment provide the demand foundation that has consistently supported the submarket’s outperformance relative to the broader Philadelphia office market.