HFF announces the sale of 1400 Atwater Drive, a 299,809-square-foot, Class A office building in the Philadelphia-area community of Malvern, Pennsylvania.
The HFF team represented the seller, Gramercy Property Trust. Equus Capital Partners, LTD purchased the asset. 1400 Atwater was marketed in conjunction with a portfolio of office assets located in Florida, Illinois, New Jersey, North Carolina, Ohio, Tennessee and Texas.
1400 Atwater Drive is ideally positioned on a 24.84-acre site overlooking Atwater Lake within the Atwater Corporate Center, the newest office development in the Malvern/Exton submarket. The five-story property has direct access to the Pennsylvania Turnpike via Route 29 and affords commuters easy access to the Greater Philadelphia area, including Philadelphia’s central business district approximately 30 miles southeast and Philadelphia International Airport, located 35 miles away. Completed in 2013, the LEED Silver-certified building is fully leased to Endo Pharmaceuticals as its North American Headquarters.
According to HFF, “1400 Atwater is widely considered one of the premier office buildings in Greater Philadelphia and features a dynamic rent roll that offers Equus Capital Partners, LTD a stable income stream.”
About Gramercy Property Trust
Gramercy Property Trust is a leading global investor and asset manager of commercial real estate. The company specializes in acquiring and managing high-quality, income producing commercial real estate leased to high quality tenants in major markets in the United States and Europe. Learn more athttps://www.gptreit.com/.
About Equus Capital Partners, Ltd.
Equus Capital Partners, Ltd. (“Equus”) is one of the nation’s leading private equity real estate fund managers. Equus’ diversified portfolio consists of office, multi-family, industrial and retail properties located throughout the United States. The firm is headquartered in the Philadelphia area with regional offices in Chicago, Los Angeles, Washington D.C., Boston, Atlanta and Raleigh-Durham. For additional information, please visit the company’s website athttp://www.equuspartners.com/.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
