610 Old York Road

Jones Lang LaSalle Americas, Inc. ("JLL") has been retained on an exclusive basis to arrange the sale of 610 Old York Road (the "Property"), a mixed-use asset featuring office, self-storage, and retail components located in Jenkintown, a well-established suburban community in Montgomery County's Philadelphia metropolitan area.

The 145,763 square foot office section maintains an 87.3% occupancy rate with an 8.0-year weighted average lease term, anchored by Jersey College and Temple University Health System. These educational tenants occupy 50.5% of the rentable square feet and carry an 11.5-year weighted average lease term, providing stable long-term occupancy.

Beyond its office component, the Property features a 30,487 square foot self-storage facility with 340 units generating stable rental income. The Property further benefits from a retail pad with a preliminary site plan in hand and a fully negotiated 10-year lease with Starbucks, complemented by an additional 1,000-square-foot retail pad site with approved development rights. This strategic convergence of office, self-storage, and retail creates a rare mixed-use investment opportunity that maximizes income diversification while mitigating single-asset-class risk exposure.

Located in Jenkintown, Pennsylvania, the Property sits along Montgomery County's established Old York Road commercial corridor. Jenkintown is a well-established suburban community that benefits from its proximity to Philadelphia while maintaining its own distinct identity and local amenities. The area features convenient access to shopping destinations including Noble Town Center, Piazza on the Square, and The Pavilion, serving the surrounding residential base. Transportation connectivity is strong with Route 611 and Route 309 providing highway access, while SEPTA's Jenkintown-Wyncote Station offers direct rail service to Center City Philadelphia, making the location attractive to both businesses and their employees.