Endo International, which filed for Chapter 11 bankruptcy Wednesday, continues to maintain a small presence in Malvern where it has its U.S. headquarters.

Endo, domiciled in Ireland, has had an unusual relationship with its U.S. headquarters, which it had built for itself. The pharmaceutical company’s warnings about the possibility of a Chapter 11 filing recently spooked a potential buyer from acquiring the complex, according to sources familiar with the situation. 

In late 2011, Endo signed a long-term lease to have the $85 million headquarters developed at Atwater Corporate Center in Malvern, deciding to consolidate its local operations. The development team consisted of a partnership between Trammell Crow Co. and Chambers Street Properties.

Building the new complex at 1400 Atwater Drive involved developing two, connected five-story buildings totaling 320,000 square feet and a parking garage that accommodates 420 vehicles on a parcel that overlooks a 60-acre lake created by an old limestone quarry. Ground was broken in early 2012 and by January 2013 Endo moved its 700 local employees into the new headquarters. 

Its occupancy was short-lived. 

*Article courtesy of Philadelphia Business Journal

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