P ennsylvania
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Real Estate Journal — Pennsylvania — 17A
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M id A tlantic
Consists of four class “A” buildings totaling 38,000 s/f NAI Geis Realty Group brokers sale of The Office Court at Walton Point
HI-LIGHTS DECEMBER 11 - 23, 2015 McFadden’s vision for the complex involves significant capital improvements includ- ing an extensive landscaping SPOTLIGHT 21-23A CENTRAL PA Campbell Commercial sells office building in Susquehanna HILADELPHIA, PA — NAI Geis Realty Group, Inc. has suc- cessfully brokered the sale of the office park known as the Office Court at Walton Point. This sale consists of four class A buildings totaling 38,000 s/f. Brian Geis and Paul Wolfson of NAI Geis Realty Group, Inc. represented the seller, Series C-Clarendon Real Estate, LLC. David McFadden of McFadden Properties was the buyer. P
the marketplace. The complex will drop the “Office Court” part of the name and simply be branded as “Walton Point.” “This asset is incredibly well located, less than a mile to the Plymouth Meeting Mall and only a 5 minute drive to the Pennsylvania Tpke. The buildings are institutional quality construction and have a very efficient design. Walton Point is a hidden gem,” said McFadden. “By redesigning the landscaping and making needed capital improvements, this class A office complex will be reborn again to the same high standard as to when it was originally conceived. The location is second to none in the incredibly highly desired Phila- delphia suburb of Blue Bell.”
high ceilings, abundant park- ing and signage potential, the building has amazing exposure and a great deal of versatility,” said Gottlieb. “Once we unlock its full po- tential, One Plymouth will cement its status as a modern landmark that brings energy to the workplace and fosters productivity and collabora- tion. As the mall continues its revitalization, One Plymouth will maintain its role as a sig- nificant commercial driver in the surrounding region.” Located in southern Mont- gomery County, just 20 min- utes fromCenter City, the rei- magination of One Plymouth Meeting will be the latest in a series of major enhancements made in the region. The build- ing offers unique accessibil- ity to a wide range of dining, lodging and retail venues, while providing easy access to Interstates 476 and 276. Recent notable improve- ments in the region include the two-lane expansion of the Pennsylvania Turnpike, the redevelopment of the Plym- outhMeeting Mall and the on- site AMC Movie Theater, and the development of a 398-unit luxury residential property less than two miles away. n McFadden is further unlock- ing the value of the complex by offering the market an extremely rare opportunity: to own your own class A office space. He is offering to sell in- dividual buildings or individual office suites with prices start- ing as low as $600,000. These condo units allow for smaller users to take advantage of owning their office space with their personalized branding on their building. New owners can take advantage of the cur- rent historically low interest rate environment to fix their costs while gaining equity in a rock solid, “bricks and mor- tar”, investment vehicle. SBA financing is available with as little as 10% down 25 at a year fixed rate. n
Office Court at Walton Point
regime, entirely new com- plex, wayfinding and indi- vidual building signage, thor- ough cleaning of all facades,
upgrading HVAC systems, resealing and restriping of all parking facilities and an overall repositioning/reintroduction to
Keystone Property Group reveals plan to redevelop One Plymouth Meeting
PLYMOUTH MEETING, PA — Keystone Property Group , a leading real estate developer, manager and inves- tor of mixed-use properties, announced its plan to rede- velop One Plymouth Meeting, an iconic, 180,000 s/f office property located at 502 West Germantown Pike in Plym- outh Meeting. With its location on the cam- pus of the recently reinvigo- rated PlymouthMeeting Mall, the nine-story building will be reimagined to reflect modern workplace demands, achiev- ing LEED certification while receiving various amenities and a completely redeveloped interior and exterior. “One Plymouth Meeting is an ideal headquarters facility for forward-thinking compa- nies intent on providing their employees with a wide range of lifestyle amenities in prox- imity to their office space,” said Rich Gottlieb , partner at Keystone. “With walkable access to nearly a dozen res- taurants, Whole Foods, and the onsite movie theater at Plymouth Meeting Mall, the reimagined One Plymouth will be the sort of dynamic office property that will en- gage employees as it inspires
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NAI Commercial announces sale of the Griest Auction House
One Plymouth Meeting
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creative thinking.” Keystone plans on com- mencing a redevelopment campaign, adding top-quality components to the building, including a modern glass and precast exterior, all new mechanical and electrical systems as well as a modern lobby and private outdoor gathering space. With the in-
stallation of larger windows, the comprehensive capital improvements campaign will increase the building’s energy efficiency and tenants’ inte- rior experience. Keystone in- tends to work with tenants on customizing the reimagined building to suit their specific needs. “With efficient floor plates,
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