{"id":1004122996,"date":"2015-07-10T09:32:46","date_gmt":"2015-07-10T17:32:46","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354938"},"modified":"2020-04-28T23:57:28","modified_gmt":"2020-04-29T07:57:28","slug":"suburban-office-park-sale-reaches-pre-recession-level","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/","title":{"rendered":"Suburban Office Park Sale Reaches Pre-Recession Level"},"content":{"rendered":"

By Adriana Pop, Associate Editor <\/em><\/p>\n

A new owner emerged for the Plymouth Woods Office Center, a five-building office park at 521-531 Plymouth Road in Plymouth Meeting, Pa.<\/p>\n

\"Plymouth<\/a>According to the Philadelphia Business Journal<\/a><\/em>, Exeter Property Group<\/a> recently acquired the 188,360-square-foot property from GPX Realty<\/a> of Wayne, Pa. for about $20 million.<\/p>\n

Sources and rough estimates show that this is approximately the same amount the asset traded for at the peak of the real estate market in 2007. At the time, GPX Realty bought the complex, along with the Woods Office Center, a 370,000-square-foot facility off Old Eagle School Road in Wayne, for a combined $60 million.<\/p>\n

Exeter now plans to bring several exterior and interior upgrades to its new Plymouth addition, in order to reposition this asset in the area\u2019s strong office market. The renovation will also include the lobbies, restrooms and common areas. Beneficial Bank and Coca Cola are among the property\u2019s tenants.<\/p>\n

Exeter owns mostly industrial facilities, but intends to add more office assets to its portfolio in the near future. The company currently owns office properties in several other areas, including Malvern, Pa., Conshohocken, Pa., Baltimore and other cities.<\/p>\n

\u201cWe have always been in the office business,\u201d Ward Fitzgerald, president & CEO of Exeter, told the newspaper.<\/p>\n

Robert E. Yoshimura, Joseph B. Hill and R. Eric Mattson Jr. with Cushman & Wakefield and Gene McHale and Colin McHale of Beacon Commercial Real Estate represented GPX Realty in the transaction.<\/p>\n

Photo credits: GPX Realty<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A new owner has emerged for the Plymouth Woods Office Center, a five-building office park at 521-531 Plymouth Road in Plymouth Meeting, Pa.<\/p>\n","protected":false},"author":260,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004122996","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"\nSuburban Office Park Sale Reaches Pre-Recession Level - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suburban Office Park Sale Reaches Pre-Recession Level\" \/>\n<meta property=\"og:description\" content=\"A new owner has emerged for the Plymouth Woods Office Center, a five-building office park at 521-531 Plymouth Road in Plymouth Meeting, Pa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-10T17:32:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-29T07:57:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg\" \/>\n<meta name=\"author\" content=\"Adriana Pop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/\"},\"author\":{\"name\":\"Adriana Pop\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"headline\":\"Suburban Office Park Sale Reaches Pre-Recession Level\",\"datePublished\":\"2015-07-10T17:32:46+00:00\",\"dateModified\":\"2020-04-29T07:57:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/\"},\"wordCount\":252,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Plymouth-Woods-Office-Center.jpg\",\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/\",\"name\":\"Suburban Office Park Sale Reaches Pre-Recession Level - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Plymouth-Woods-Office-Center.jpg\",\"datePublished\":\"2015-07-10T17:32:46+00:00\",\"dateModified\":\"2020-04-29T07:57:28+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Plymouth-Woods-Office-Center.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/Plymouth-Woods-Office-Center.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/suburban-office-park-sale-reaches-pre-recession-level\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suburban Office Park Sale Reaches Pre-Recession Level\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/c6fbe4a6cd09e6097b39e787ae96d7ad\",\"name\":\"Adriana Pop\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Adriana.jpg?w=91\",\"caption\":\"Adriana Pop\"},\"description\":\"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\\\/\\\/www.linkedin.com\\\/in\\\/ioana-adriana-pop-811772108\\\/.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adriana-pop\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Suburban Office Park Sale Reaches Pre-Recession Level - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/","og_locale":"en_US","og_type":"article","og_title":"Suburban Office Park Sale Reaches Pre-Recession Level","og_description":"A new owner has emerged for the Plymouth Woods Office Center, a five-building office park at 521-531 Plymouth Road in Plymouth Meeting, Pa.","og_url":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-07-10T17:32:46+00:00","article_modified_time":"2020-04-29T07:57:28+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg","type":"","width":"","height":""}],"author":"Adriana Pop","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/"},"author":{"name":"Adriana Pop","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"headline":"Suburban Office Park Sale Reaches Pre-Recession Level","datePublished":"2015-07-10T17:32:46+00:00","dateModified":"2020-04-29T07:57:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/"},"wordCount":252,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg","articleSection":["News","Philadelphia"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/","url":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/","name":"Suburban Office Park Sale Reaches Pre-Recession Level - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg","datePublished":"2015-07-10T17:32:46+00:00","dateModified":"2020-04-29T07:57:28+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/Plymouth-Woods-Office-Center.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/suburban-office-park-sale-reaches-pre-recession-level\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Suburban Office Park Sale Reaches Pre-Recession Level"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/c6fbe4a6cd09e6097b39e787ae96d7ad","name":"Adriana Pop","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Adriana.jpg?w=91","caption":"Adriana Pop"},"description":"Adriana Pop is a senior editor with Commercial Property Executive and Multi-Housing News. She joined CPE and MHN in 2012, with an academic background in economics, English and Italian. She currently curates the CPE Sneak Peek newsletter, highlighting noteworthy stories and emerging topics for readers. Connect with her at adriana.pop@cpe-mhn.com or on LinkedIn: https:\/\/www.linkedin.com\/in\/ioana-adriana-pop-811772108\/.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-pop\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/260"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004122996"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122996\/revisions"}],"predecessor-version":[{"id":1004427346,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004122996\/revisions\/1004427346"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004122996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004122996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004122996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}