Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”), has been retained on an exclusive basis to arrange the sale of Conshohocken Ridge (the “Portfolio” or “Opportunity”), a six building, 199,130 square foot, renovated office park located in Conshohocken, PA.
Conshohocken Ridge enables qualified investors the opportunity to acquire a suburban office park with a diversified tenant mix in Conshohocken, PA, one of the premier submarkets in the Philadelphia region. Situated on 16 acres in Conshohocken, PA, the multi-tenant office park is comprised of five single story and one four story office buildings that offer tenants flexible floor plans, excellent visibility and easily accessible parking. The current tenant profile includes 26,524 square feet (~ 13.50% of the RSF) being used for medical purposes. Each of the buildings underwent extensive interior and exterior renovations in 2013 and 2014. The renovations included installation of new building facades, glass window lines and landscaping. Investors have a unique opportunity to achieve attractive returns through the lease up of the Portfolio while benefiting from in-place rents in a highly desirable location.
Ideally situated in Conshohocken, PA, Conshohocken Ridge is less than a one-minute drive from I-476 (The Blue Route), which provides access to I-76 (the Schuylkill Expressway), and I-276 (Pennsylvania Turnpike). Additionally, the location provides immediate access to Routes 202 and 422. These crucial thoroughfares provide exceptional connectivity to major population centers and amenities throughout the Greater Philadelphia Region. The Conshohocken area sits squarely between the City of Philadelphia and the metro’s expansive suburban communities in Upper Montgomery County and along Route 202.
Caractéristiques de l'actif
Points clés d'investissement
- Value-Add Opportunity
- Medical Lease Up Potential
- Flexible Floor Plans
- Live Work Play Location
- Robust Local Investment
- Unrivaled Access to the Philadelphia CBD & Primary Suburban Hubs
- Affluent Location Enables Direct Access to Strong Employee Base
- Investment Grade Long Term Tenant