Three Years After It Was Last Bought, Triad Building in King of Prussia Back on Market

Photo of the Triad building in King of Prussia courtesy of Casaccio Yu Architects.

The Triad building in the Renaissance Corporate Center in King of Prussia is back on the market, three years after it was bought by Kairos Real Estate Partners, writes Natalie Kostelni for the Philadelphia Business Journal.

The building will almost certainly trade at a premium over the $8.1 million paid by Kairos in March 2013. At that time, the building was just 20 percent occupied, which was one of the reasons why its previous buyer, Mack-Cali Realty Corp., returned it to the lender.

The four-story, 180,000-square-foot property has come a long way since then. After purchasing the property in a venture with Artemis Real Estate Partners, Kairos invested $3.6 million into renovating the building’s exterior and interior.

The investment has certainly paid off, as the building is now 86.4 percent leased.

Among its current tenants are Liberty Mutual Insurance Co., RatnerPrestia, and A.D. Marble & Co. Inc., which together occupy a total of 76,000 square feet.

Read more about the Triad building in the Philadelphia Business Journal by clicking here.

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