500 S. Gravers

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis to arrange the sale of 500 S. Gravers (the “Property”), a 70,310 square foot, limited industrial building located directly off I-476 and I-276 in the premier Plymouth Meeting, PA market.

The Property is 94% leased to four tenants and is anchored by IKEA who represents 43% of the rentable square footage while the remaining space is leased to Intelivation, L2 Brands, and Core Food Group. With the weighted average remaining lease term of over 4.2 years and in-place tenancy of over 10.4 years, investors have the opportunity to enhance value by extending leases for tenants who have demonstrated a commitment to this location.

As the market faces a shortage of available flex space, this property emerges as an exceptional investment opportunity. Leveraging its existing multi-functional capabilities, the transition to highly sought-after, high-quality space can be accomplished with minimal capital expenditures. With desirable features and excellent market potential, investors have a unique chance to unlock higher rental income and capitalize on the expanding demand for versatile and adaptable spaces.

Located in the highly sought-after Plymouth Meeting, PA, the Property boasts an unrivaled prime location within the submarket. Its central position offers convenient access to major highways including I-476, I-276, and Route 202, ensuring excellent regional connectivity. With its Limited Industrial zoning classification, the Property offers the advantage of accommodating a wide range of office and industrial activities. Its unmatched location, in close proximity to key transport routes and business hubs, contributes to its desirability as an investment.