8C — January 15 - 28, 2016 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania Newmark Grubb Knight Frank Capital Group arranges the sale of the property SSH Real Estate arranges the sale of 180 Gordon Dr. in Exton and forecasts a good 2016 E XTON, PA — SSH Real Estate has ar- ranged the sale of 180

bility of the cash flow derived from a diverse mix of tenants. In the past fourteen months in Chester County, SSH Real Estate has sold four invest- ment properties, including 180 Gordon Drive, for a total of $44 million in transaction volume. “We have been seeing inves- tors drawn to Chester County for its stability,” said Mayock. “You have very conservative owners in this market, so you seldom see distress due to overbuilding.” Gillespie added, “Risk-adjusted yields are solid for medium-sized commercial deals in Chester County. We

Cozen O’Connor serves as counsel in $98.4m purchase WEST CONSHOHOCK- EN, PA — The national real estate practice at Cozen O’Connor represented a Ma- guire Hayden Real Estate Company affiliate in its pur- chase of a seven story West Conshohocken office property for $98.4 million. The deal closed on January 8, 2016. 300 Four Falls is the larg- est class “A” office building in West Conshohocken, according to Newmark Grubb Knight Frank Capital Group , which arranged the sale of the prop- erty. Maguire Hayden Real Es- tate Company is a fully inte- grated commercial real estate investment and operating firm focused on acquiring, reposi- tioning and managing office, industrial and flex properties throughout the Mid-Atlantic region. Representing the buyer from Cozen O’Connor were Jef- frey Leonard and John Schwartz . The firm’s national real estate practice repre- sents regional and national developers, REITS and other public companies, owners, builders, manager, private equity funds, institutional and private investors, banks, and governments in acquisitions and dispositions, develop- ment, financing, leasing and the management of real estate. The sellers were represented by Matthew Werthman and Michael Coran of Klehr Harrison Harvey Branz- burg, LLP . Bank of America, N.A. pro- vided financing for the pur- chase. Bank of America, N.A. was represented by Mat- thew Robertson and Kevin Sholette of Cadwalader, Wickersham & Taft LLP . n In a sign of the robust Ches- ter County real estate mar- ket, SSH just launched the marketing on the sale of 1025 Andrew Dr. in West Chester. Mayock further hinted that they have as many as seven other medium-sized office and flex buildings in the pipeline for 2016 in Chester County. have found a nice balance ex- ists here between buyers’ and sellers’ value expectations – so the market is demonstrating great liquidity.”

Gordon Dr., a 66,755 s/f flex building in Pickering Creek Business Park, for $7.4 mil- lion as part of a 1031 ex- change. Dan Mayock and Adam Gillespie of SSH Real Estate represented the seller, 180 Gordon Associates, LP. The property was built in 1986 and was 100% leased to 10 tenants at the time of sale. The buyer was attracted by the building’s proximity to the Downingtown Interchange of the PA Turnpike and the sta-

180 Gordon Dr.

January 2 9 , 201 6 7 Annual Development Spotlight Economic th 12

This issue will print as a separate pullout section Featuring County and Regions throughout Mid Atlantic Region We invite you to send in editorial pertaining to: • Mayor’s picture and message

• County/Regional demographics • Opportunities for business to relocate in your area

• Special incentive programs

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Special marketing opportunities are available. Please call for details. Linda Christman (phone) 781.871.5298 • (fax) 781.871.5299 • (email) lchristman@marejournal.com This exclusive promotional opportunity is an excellent way to reach 30,0000 + Decision makers, commercial real estate professionals, owners, developers, tenants and businesses throughout New Jersey, Pennsylvania and Delaware Editorial requirements: 500 words, double-spaced typewritten along with a photograph. Deadline: January 20 , 201 6

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