As part of the routine process of trimming its holdings, Keystone Property Group has put One Plymouth Meeting, a nine-story office building in Plymouth Meeting, up for sale, writes Natalie Kostelni for the Philadelphia Business Journal.

Keystone is hoping that the sale of One Plymouth will provide a return to its investors. The property was recently put under a leasing agreement but the deal did not go through. But despite this, Keystone wants to go ahead with the sale of the 180,000-square-foot building.

In a somewhat unusual move, Keystone is marketing the property at 502 W. Germantown Pike both as an office building and a redevelopment opportunity. Prospective buyers have already looked at the building as a possible conversion into a senior living facility.

This prompted Plymouth Meeting officials to preemptively approve an overlay on the property for that use. The property could also be rezoned to include multifamily or hotel redevelopment.

Keystone was planning to invest $32 million in redeveloping the building five years ago, but those plans fell through when no tenants were secured to kick off the project.

Read more about One Plymouth Meeting at the Philadelphia Business Journal by clicking here.

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