Cushman & Wakefield Represents Equus in Sale of Class A Office Building
Cushman & Wakefield today announced it has represented Philadelphia-based Equus Capital Partners Ltd. in the sale of One Meridian at Spring Ridge, a 366,728 square foot office building in Wyomissing, PA.
Cushman & Wakefield’s Eric Mattson, Joseph Hill, and Robert Yoshimura of the Pennsylvania Capital Markets team represented the seller in the transaction.
The property, a Class A trophy asset originally developed as a headquarters for the former Meridian Bank, is currently 98% leased and anchored by a variety of national and regional credit tenants including Allstate, CNA Financial Corporation, Godiva and Sunoco. The suburban location sits at the nexus of several regional roadways providing convenient access to the Philadelphia metropolitan area, as well as many of the major population centers in the Northeast, particularly the New York City metro area. Property amenities include a vast modern lobby, conference center, on-site café, fitness center, and expansive exterior spaces. In addition, there are protected, rustic views to the west of the building due to a conservation easement of 50-plus acres of wooded land.
About Equus Capital Partners
Equus Capital Partners, Ltd., is one of the nation’s leading private equity real estate fund managers. Equus’ portfolio consists of approximately 18 million square-feet of office, retail, and industrial properties and over 11,000 apartment units across 49 multi-family communities located throughout the United States. The firm is headquartered in the Philadelphia area, with a principal office in Yardley, PA, and with offices in Philadelphia, Chicago, Los Angeles, Washington, D.C., Boston, Atlanta, and Raleigh-Durham. For additional information, please visit the company’s website at www.equuspartners.com.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
