Equus Capital Acquires Suburban Philly Office Building
The Class A asset serves as the U.S. headquarters for Endo Pharmaceuticals and is part of the newest office complex in the Malvern/Exton submarket, Atwater Corporate Center.
1400 Atwater Drive
In a deal brokered by HFF, Gramercy Property Trust has sold a 299,809-square-foot premier office building in Malvern, Pa. Equus Capital Partners purchased the asset, which is located within the two-building Atwater Corporate Center, the newest office development in the Malvern/Exton submarket.
The five-story property was completed in 2013 and has a LEED Silver certification. Additionally, it houses Endo Pharmaceuticals’ North American headquarters. Other notable tenants in the area are manufacturer ifm Efector, investment advisor The Vanguard Group and CubeSmart, which opened a Chicago facility last April.
Located on 25 acres at 1400 Atwater Drive, the asset sits in the vicinity of recently completed shopping centers, accommodation options and communities. The property also overlooks Atwater Lake. Major thoroughfares such as Pennsylvania Turnpike and Route 29 provide easy access throughout the area, while downtown Philadelphia and Philadelphia International Airport are situated within a 35-mile radius.
Image courtesy of Yardi Matrix
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