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; firstname.lastname@example.org) or Jason Wolf (215-799-6900; email@example.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.