Strategically Located Office Complex Near King of Prussia Sells to Private Real Estate Company

By
buiding exterior

Newtown Square real estate investment manager Equus Capital Partners announced that an affiliate has completed the sale of 440–460 Swedesford Road, a Class-A office campus near King of Prussia. The property was sold to a private real estate company for an undisclosed amount and was 95 percent occupied at the time of the deed transferal.

Brett Grifo and Keith Braccia of Cushman & Wakefield represented Equus in the transaction.

Built in 1978 and renovated by Equus in 2019–2020, the two-building, three-story campus totals 150,466 square-feet.

Located along the desirable Swedesford Road corridor, the campus enjoys excellent visibility along Route 202. It also provides convenient vehicular access to the area’s major road networks, the Philadelphia Main Line, and the region’s premier retail amenities, including the award-winning King of Prussia Town Center.

Acquired in 2018 by an affiliate of Equus, the office buildings underwent approximately $5 million in capital improvements, which included:

  • Full interior common area and lobby renovations with upgraded floor tile and wall coverings
  • New restrooms throughout the building
  • Installation of dramatic two-story glass curtain wall atriums
  • Replacement of the roof

“The successful repositioning of 440-460 Swedesford Road completes our investment objective of transforming a well located but tired asset into a modern, Class-A offering that enabled us to secure 140,000 square-feet of leases since 2019,” remarked Keith Hontz, Vice President for Equus.

Hontz, — alongside Christopher Locatell, Senior Vice President — oversaw the transaction for the firm.

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement