Malvern Office Space

Malvern Office SpaceWolf Commercial Real Estate is a leading Malvern commercial real estate brokerage firm with expertise in Malvern office space.

We match tenants and buyers with available office space in Malvern and the surrounding area.  With a successful track record in the commercial real estate industry, we are the go-to Malvern commercial real estate broker that buyers, sellers, investors and tenants rely on for a full range of Malvern commercial real estate services.

The experienced team of commercial real estate experts at Wolf Commercial Real Estate provides up-to-date, detailed information about office space in Malvern to help clients and prospects achieve their real estate goals.  As a premier Malvern commercial real estate broker, Wolf Commercial Real Estate exemplifies the highest quality of service and proven expertise in Malvern commercial real estate services.

The Malvern commercial real estate brokerage firm of Wolf Commercial Real Estate helps owners sell and/or lease their office space in Malvern through a defined marketing process that is tailored to fit the individual characteristics of each property.  Our winning marketing strategy efficiently matches buyers and tenants with available Malvern office space.

Clients in the market for new office space in Malvern and throughout Chester County rely on the team at our Malvern commercial real estate brokerage firm to find available Malvern office space that best suits their needs.  With solid expertise in Malvern commercial real estate services, we are able to assess the sale or lease terms for your new office space in Malvern to verify that they are the best fit for your commercial real estate goals.

For more information about available Malvern office space for sale or lease, please contact Wolf Commercial Real Estate, a Malvern commercial real estate broker with the foremost experience in Malvern commercial real estate services.

Search Our Commercial Real Estate Listings

Malvern complex housing Saint Gobain’s North American HQ hits market, could sell for $140M

A 321,226-square-foot Malvern office complex housing the North American headquarters of Saint-Gobain and its CertainTeed Corp. subsidiary has hit the market and is expected to trade for as much as $140 million.

The two-building complex at 18-20 Moores Road last traded in February 2016. That’s when a venture between 90 North Real Estate Partners of London and Arzan Wealth of Dubai bought the office property for $123 million.

The property comes up for sale at a time when many office buildings that were on the market prior to the pandemic have subsequently been taken off. Most, if not all, of those buildings are occupied by multiple tenants and, these uncertain times — with unpredictable rents and tenants contracting or not signing new leases — have prompted landlords to hold off on transactions.

In contrast, there’s demand for office assets fully occupied by single-tenants on a long-term basis.

On a smaller scale, net-leased properties housing everything from AutoZone, Dollar General to DiVita Dialysis and other retailers such as Royal Farms have also been active sellers. Low interest rates and predictable rent payments have spurred those sales.

Net-lease properties, those leased to a single tenant on a long-term basis and frequently in free-standing buildings, are also attractive to those looking for a passive investment that generates a consistent, predictable return.

On a much larger scale are office buildings such as 18-20 Moores. The complex had originally been 236,704 square feet and occupied by Aegon, an international life insurance and pension company with a local presence.

E. Kahn Development Corp., J. Loew & Associates and Aegon affiliate, Aegon U.S. Realty Advisors, spent $80 million redeveloping what had been a 1960s vintage office complex for Saint Gobain and CertainTeed. The total gut redevelopment included connecting those two structures at 18 Moores Road, which totals 43,891 square feet, and 20 Moores Road, which totals 277,335 square feet.

The redevelopment of the complex involved creating a modern corporate office environment that incorporated many of the materials that the companies manufacture. It also includes an R&D facility and showroom for many of the companies’ products.

Saint-Gobain and CertainTeed each signed 15-year leases on the complex and moved in 2015. There are 10 years remaining on each of the leases with the expirations in the third quarter of 2030.

The property totals 60 acres just off of Route 202. However, what is up for sale involves the 36 acres upon which the headquarters building sit. Saint Gobain owns 14 additional acres and has plans to build a day care and meeting center on that parcel. The remaining land is owned by the seller and can be purchased separately.

*Article courtesy of Philadelphia Business Journal

For more information about Malvern office space for sale or lease in Malvern or about any other Malvern properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier  Malvern commercial real estate broker that provides a full range of Malvern commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Malvern commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Malvern commercial properties for lease or sale through our Malvern commercial real estate brokerage firm.

Malvern office complex backfills space once occupied by Unisys 

Nearly a year after negotiating an exit for Unisys Corp. from its decades long home at the Great Valley Commerce Center in Malvern, the landlord is steadily backfilling the 123,000 square feet the technology company vacated and putting the office complex back on stable footing.

The 33.5-acre Great Valley Commerce consists of two office buildings. One property totals 280,000 square feet at 2476 Swedesford Road and another structure, which totals 80,000 square feet, at 1000 Cedar Hollow Road.

Unisys (NYSE: UIS) built the complex in 1968 and until about 2009, it had been called the Unisys Technology Center as a result of the company occupying all of its space.

When Apex Financial Advisors Inc. bought the complex just off Route 202 for $78 million in 2017, Unisys occupied 123,000 square feet at 2476 Swedesford Road and 19,000 square feet at the Cedar Hollow building. It was then that Apex began negotiations with Unisys about its eventual departure. The lease was expected to expire this December.

“As their business changed, they needed less and less space,” said Joe Weidenburner of Apex. “These big tech companies needed a much bigger footprint than they do now.”

Last August, Unisys vacated space and relocated those operation to its headquarters in Blue Bell. Apex then moved forward with gutting the interior space, installed a new roof and mechanical systems and launched an effort to lease up the vacant 123,000 square feet of space. So far, the Yardley real estate company has spent $15 million on those combined efforts and it has paid off.

It landed Zoetis Inc., (NYSE: ZTS) an animal health spinoff from Pfizer Inc. based in Parsippany, New Jersey. The company signed a 10-year lease on 65,179 square feet that started in April.

BioTelemetry Inc., which was in 1000 Cedar Hollow and had a lease expiring in March 2021, needed more space. Apex negotiated an 11-year lease on 25,000 square feet lease for the company to relocate to 2476 Swedesford. BioTelemetry’s (NASDAQ: BEAT) began to occupy the space this month. The company also extended its lease on 60,529 square feet at Cedar Hollow in a deal that will commence April 2021.

There’s about 30,000 square feet left to be leased at 2476 Swedesford.

Though it relocated the bulk of its Malvern operations to Blue Bell, Unisys still occupied 19,000 square feet at the Cedar Hollow building. On March 13, at the height of the coronavirus pandemic, Science Applications International Corp. (NYSE: SAIC) of Reston, Virginia, closed on a $1.2 billion cash deal to acquire Unisys Federal, a cloud operating business unit that occupied that space. SAIC last month renewed that lease until 2023.

Exeter Property Group bought the Great Valley Commerce Center in 2009 for $19.5 million from Unisys and launched a multimillion-dollar renovation to the buildings and renamed it the Great Valley Commerce Center. A couple of years after that DaVita Inc., which operates DaVita Dialysis, leased 120,000 square feet of office space at 2476 Swedesford and later expanded by another 16,000 square feet in the building.

*Article courtesy of Philadelphia Business Journal

For more information about Malvern office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact the team at  Wolf Commercial Real Estate, a Malvern commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Malvern commercial real estate broker that provides a full range of Malvern commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Malvern commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full Malvern commercial real estate brokerage firm.

 

PNL Companies Sells Suburban Philadelphia Office Building for $15.5M

Dallas Investment Firm Divests Malvern Executive Center

PNL Companies, a full service investment firm headquartered in Dallas, sold a 91,190-square-foot office building in Malvern to a private investor. Malvern Executive Center sold for $15.5 million, or about $170 per square foot.

The three-story structure at 100 Deerfield Lane was built in 2003 and renovated in 2015. The 4-Star property spans nearly an acre less than 25 miles from Philadelphia International Airport.

The Class A building is 73 percent leased to ten tenants including Fox & Roach and USA Technologies.

The property provides both a current, stable cash flow and substantial value-add opportunity through the lease-up of existing vacancy, according to a press release issued by Newmark Knight Frank.

For more information about Malvern office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact Christopher Henderson (215-799-6900; chris.henderson@wolfcre.com) or Jason Wolf (215-799-6900; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Malvern commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Malvern commercial real estate broker that provides a full range of Malvern commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Malvern commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full Malvern commercial real estate brokerage firm.

Construction Progress Monitoring Services

This article by Steve Sclarow explores the Construction Progress Monitoring (CPM) services being used in the construction of 1919 Market, a new high-rise residential building in Philadelphia.

Construction Progress Monitoring at 1919 Market (PDF)

construction-progress-monitoringPartner Engineering and Science is proud to be providing Construction Progress Monitoring (CPM) services for Philadelphia’s premier new residential tower, 1919 Market, a joint venture between LCOR and Brandywine Realty Trust (NYSE: BDN). Located in the heart of Center City, 1919 Market is a 28-story, 321 luxury apartment unit 455,000 square foot mixed-use development, with an integrated 215 car parking structure.

Innovation and facility functionality in the urban core is driving design decisions in Philadelphia’s residential marketplace. The amenities and features incorporated into 1919 Market reflect these needs including “a state of the art fitness center, clubroom, demonstration kitchen, golf simulator, dramatic outdoor roof entertainment center including a fire pit and infinity pool, tech bar and work pod area, wine tasting room with available wine storage, pet wash, bike storage and more.”

1919 Market’s innovation strategy provides a premier level of sustainability and green building design and the project is in the process of obtaining LEED Gold Certification. Features incorporated into the design will reduce the buildings overall environmental impact while enhancing the overall living experience of residents and tenants alike. LEED design elements include low-flow plumbing fixtures, faucets and showers, energy star rated appliances, energy efficient lighting systems, and operable windows in apartment units. Another distinct design consideration is the green roof located atop the parking structure. The green roof will reduce the developments overall carbon footprint by improving stormwater management, reducing the urban heat island effect and improving air quality. Strategically located above the parking structure, the green roof provides a distinctive vista for the residents of 1919 Market and neighboring tenants at 1900 JFK Boulevard.

The corner of 20th and Market Streets is at the epicenter of the Market West Corridor. 1919 Market solidifies the connection of this corridor to Center City’s urban core through the seamless integration of the five story parking structure and mixed-use residential tower. This will be accomplished by incorporating the tower’s curtain wall and storefront glazing system into the parking structure’s façade. Parking will accommodate residents and be available for daily and monthly public parking.

According to LCOR President, Thomas O’Brien, “This is an exciting time in Philadelphia, especially with the reinvigoration of Market West, and we are proud to be a part of its vertical growth. With 1919 Market, we take extreme pride in helping to reduce the city’s carbon footprint by creating a building that embodies and promotes green living. The overall goal is to build a space that can enhance the quality of life for our residents and our local community.”

Units are now available for lease with move-in starting in March 2016. For more information about 1919
Market, please visit www.1919marketapts.com 

Partner Engineering and Science, Inc. provides due diligence services for all stages of the real estate transaction. For more information about Partner, please visit www.partneresi.com

steve-sclarow
Steve Sclarow, AIA

Project Manager, Construction Services
PARTNER ENGINEERING AND SCIENCE, INC.
100 Deerfield Lane – Suite 200
Malvern, PA 19355
T: 267-433-2213 | F: 610-537-5078 | C: 267-403-1215

Premier Office Inventory Almost Full in Malvern

The vacancy rate for high-end office properties located along the Pennsylvania Turnpike and U.S. Route 202 in Malvern, PA, rose to almost 25 percent in the wake of the Great Recession, with pharmaceutical firms – including Pfizer and Endo Health Solutions – downsizing their footprints and putting large blocks on space on the market for lease.

But these same office properties in the U.S. commercial real estate market – including Malvern office space – have seen average vacancy rates decline steadily since 2011 and are down below five percent to start the second quarter of 2018 – the lowest level in more than 15 years.

This report on U.S. and Malvern commercial properties is being made through Malvern commercial real estate broker Wolf Commercial Real Estate, a Malvern commercial real estate brokerage firm focusing on Malvern office properties.

Another way to gauge the tightness of Malvern’s high-end office market is by comparing its availability rate – the percentage of office space listed as available for lease on CoStar – with availability rates in the national and Malvern commercial real estate markets. By this measure, Malvern is one of the tightest suburban office nodes throughout the entire Northeast region.

What explains the dramatic recovery in occupancies in these office properties located more than 25 miles from Philadelphia’s CBD?

For starters, recent infrastructure improvements near these national and Malvern commercial real estate properties have played a key role. In 2016, the Pennsylvania Department of Transportation completed a three-year project widening Route 202 to six lanes between Conestoga Road and Route 30. This project, combined with an earlier installation of a new interchange between the Pennsylvania Turnpike and Route 29, has made Malvern more accessible to commuters coming in from nearby areas such as Exton, King of Prussia, and Downingtown.

By locating in Malvern, office tenants looking for more value in their U.S. and Malvern commercial real estate listings also can remain close to highly-educated workers in and around the Upper Main Line, while paying lower office rents than tenants in competing suburban submarkets closer to Philadelphia.

For example, at the start of the second quarter, the average listed rent for Four and Five Star office space in Malvern was about $24 per square foot, 20 percent below listed Four and Five Star rents in King of Prussia and 30 percent below listed Four and Five Star rents in Conshohocken.

All these selling points have helped coax firms in information technology, pharmaceuticals and finance to either move into the U.S. commercial real estate market – including Malvern office space – or to expand their existing offices within the area, in recent years.

For more information about Malvern office space and other Malvern commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Malvern commercial real estate broker that specializes in Malvern office space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Malvern commercial real estate brokerage firm that provides a full range of Malvern commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, office buildings and other Malvern commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Malvern commercial real estate broker with expertise in Malvern commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Malvern office space with the Malvern commercial properties that best meets their needs.

As experts in Malvern commercial real estate listings and services, the team at our Malvern commercial real estate brokerage firm provides ongoing detailed information about Malvern commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Malvern office space for sale or lease, Wolf Commercial Real Estate is the Malvern commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Malvern commercial properties for lease or sale through our Malvern commercial real estate brokerage firm.

7 Keys – Negotiating Real Estate Investing Success

Real Estate Investing is all about negotiation. Sometimes even the price we set upfront for a rehab flip deal can be part of our negotiation strategy. Think about that a bit. Or perhaps you are a real estate investor looking for a few wholesale deals and keep getting your low ball offers shot down. There is a negotiation tip for that: send your offers with a letter of intent that explain or justify your low offer. It may get a Seller to reconsider their asking price or bring them to the negotiation table.

 

Key Takeaways:

  • Real Estate deals can always be closed on – when all parties see their own benefit in making it.
  • Always let the opposing Seller/Investor/Buyer talk first.
  • Do your homework before you deal or make an offer on a potential real estate investment.

 “Real Estate deals can always be closed on – when all parties see their own benefit in making it.”

 

Read full article here