
Social Security Administration AA+ S&P U.S Govt Credit
1940 Sweeney Road, Mount Pleasant, MI, 48858, US
7,033 平方呎
Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of 220 Commerce Drive (the “Property”), a 46,657 square foot office building located directly off I-276 and Route 309 in Fort Washington, PA.
The Property is 56.3% leased to five tenants with a weighted average lease term of 5.0 years, presenting a stable income base with significant value-add potential through lease-up of the remaining space. Anchored by Nyman Associates, which occupies 11,708 square feet representing over 25% of the building’s rentable area with a lease extending through August 2033, the Property offers investors the dual benefit of immediate cash flow from existing tenants and substantial upside opportunity through strategic repositioning of the vacant portion.
Strategically located in Fort Washington, PA, the Property offers exceptional connectivity with direct access to the Pennsylvania Turnpike (I-276) and Route 309, and proximity to I-476 and Route 202, providing seamless access throughout the Greater Philadelphia region. The nearby Plymouth Meeting Mall and The Promenade at Upper Dublin serve as premier retail destinations, while Willow Grove Park Mall provides additional shopping and entertainment options within minutes of the Property. Fort Washington’s established corporate presence, including major pharmaceutical companies, healthcare organizations, and professional services firms, creates a diverse economic base that solidifies Fort Washington’s position as a preferred location for businesses seeking to attract and retain top talent in Montgomery County’s thriving suburban corridor.
