{"id":1004158884,"date":"2016-11-14T00:21:08","date_gmt":"2016-11-14T08:21:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004158884"},"modified":"2020-04-27T23:29:22","modified_gmt":"2020-04-28T07:29:22","slug":"liberty-property-trust-sells-king-of-prussia-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-sells-king-of-prussia-office-asset\/","title":{"rendered":"Liberty Property Trust Sells King of Prussia Office Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>King of Prussia, Pa<\/strong>.\u2014<a href=\"https:\/\/www.ngkf.com\/\" target=\"_blank\" rel=\"nofollow\">NGKF Capital Markets<\/a>\u00a0recently represented <a href=\"https:\/\/www.libertyproperty.com\/\" target=\"_blank\" rel=\"nofollow\">Liberty Property Trust<\/a> in its sale of 151 S. Warner Road in King of Prussia, Pa. Mike Margolis and Dave Dolan of the NGKF Philadelphia team represented the seller in the transaction, along with area expert Jeff Mack. Purchased by a German family office for $26.8 million, the property was redeveloped by Liberty and was designed to meet LEED Gold standards.<\/p>\n<div id=\"attachment_1004158885\" style=\"width: 328px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004158885\" data-attachment-id=\"1004158885\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-sells-king-of-prussia-office-asset\/ngkf-capital\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg\" data-orig-size=\"335,240\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"151 South Warner Road in King of Prussia, Pa.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;151 South Warner Road in King of Prussia, Pa.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg?w=335\" class=\"wp-image-1004158885 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg\" alt=\"151 South Warner Road in King of Prussia, Pa.\" width=\"318\" height=\"228\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg 335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/11\/NGKF-Capital.jpg?resize=300,215 300w\" sizes=\"auto, (max-width: 318px) 100vw, 318px\" \/><\/a><p id=\"caption-attachment-1004158885\" class=\"wp-caption-text\">151 South Warner Road in King of Prussia, Pa.<\/p><\/div>\n<p>The location boasts one of the best vehicular access locations in greater <a href=\"https:\/\/www.commercialsearch.com\/news\/news\/philadelphia\/\" target=\"_blank\">Philadelphia<\/a>, with entrances to I-76, I-276 and Routes 202 and 422. The building is served by the Connect KOP commuter shuttle, which provides transportation to various nearby business parks and the SEPTA Regional Rail Wayne Station.<\/p>\n<p>The property is also down the street from the King of Prussia Mall, the largest <a href=\"https:\/\/www.commercialsearch.com\/news\/retail\/\" target=\"_blank\">retail mall<\/a> in the U.S., and right across from the Village at Valley Forge, a new 135-acre mixed-use development that will offer\u00a0250,000 square feet of retail space, 3,000 residential units, 1.5 million square feet of office space, 500 hotel rooms and a Children&#8217;s Hospital of Philadelphia out-patient facility, at full development.<\/p>\n<p>In September 2016, <a href=\"https:\/\/www.judge.com\/\" target=\"_blank\" rel=\"nofollow\">The Judge Group<\/a> signed a long-term lease to occupy the entirety of the building as its new corporate headquarters. The property offers natural light with its six-foot high windows, interior offices with large open spaces and an amenities package including a lunch serving area, dining and game area and a training room.<\/p>\n<p><em>Image courtesy of NGKF Capital Markets<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Purchased by a German family office for $26.8 million, the property was redeveloped by Liberty and was designed to meet LEED Gold standards.<\/p>\n","protected":false},"author":746,"featured_media":1004158885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,10,21747],"tags":[],"class_list":["post-1004158884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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