Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing for sale Valley Forge Office Center, a three-building, 257,460-square-foot, value-add office property located at 480, 500 and 656/676 East Swedesford Road in Wayne, Tredyffrin Township, Chester County, Pennsylvania, near Philadelphia. The commercial property for sale sits on 19 acres with close proximity to the recently-expanded King of Prussia Mall and King of Prussia Town Center.
Situated along Swedesford Road in tax-favorable Tredyffrin Township, Valley Forge Office Center is ideally located at the confluence of Pennsylvania Routes 202 and 422, Interstate 76 and the Pennsylvania Turnpike, four of the region’s most heavily-traveled roadways, offering easy access to all the amenities found in a true work-live-play environment. Already widely regarded as one of the best locations in Greater Philadelphia, tenant demand should continue to increase along the Swedesford Road corridor as exciting mixed-use developments and redevelopments approach completion nearby.
The center is currently 83.9 percent leased with an average weighted lease term of approximately 5.6 years in a micromarket that boasts a 8.4 percent direct vacancy rate and trophy asking rents surpassing $35 per square foot. Due to this, Valley Forge Office Center offers significant upside in the near-term through a well-executed lease-up plan that will bring its performance up to the level of its competitive set.
Valley Forge Office Center is an 83.9 percent leased, Class A commercial property for sale near Philadelphia. The office center has strong tenancy, a main and main location in the highly sought after King of Prussia/Wayne office submarket. For more information on this or other office complexes for sale in Greater Philadelphia, contact HFF Senior Managing Director Doug Rodio, Managing Director Brett Segal, Director Ben Appel or Senior Managing Director Jose Cruz.