{"id":1004198948,"date":"2017-12-04T09:39:37","date_gmt":"2017-12-04T17:39:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004198948"},"modified":"2018-08-08T09:52:11","modified_gmt":"2018-08-08T17:52:11","slug":"henderson-pays-42m-for-philly-area-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/henderson-pays-42m-for-philly-area-office-campus\/","title":{"rendered":"Henderson Pays $42M for Philly-Area Office Campus"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004198970\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004198970\" data-attachment-id=\"1004198970\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/henderson-pays-42m-for-philly-area-office-campus\/henderson-group-campus-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg\" data-orig-size=\"1493,1120\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;The Henderson Group&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;One of Henderson&#039;s newly acquired buildings of professional space, 17 Campus Blvd. in Newtown Square, Pennsylvania. (PRNewsfoto\/The Henderson Group)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&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;Henderson Group Campus Blvd&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"17 Campus Blvd, Newtown Square, Penn.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;17 Campus Blvd, Newtown Square, Penn.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg?w=1024\" class=\"wp-image-1004198970 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg\" alt=\"17 Campus Blvd., Newtown Square, Penn.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg 1493w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Henderson_Group_Campus_Blvd.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004198970\" class=\"wp-caption-text\">17 Campus Blvd., Newtown Square, Penn.<\/p><\/div>\n<p>In a deal brokered by JLL, Brandywine Realty Trust has disposed of a\u00a0250,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/suburban-philly-office-buildings-sell-for-36m\/\">office portfolio in Newtown Square<\/a>, Pa. The Henderson Group paid $42 million for the\u00a0five buildings\u2014its first real estate acquisition.<\/p>\n<p>The assets are situated at 11, 14, 15, 17 and 18 Campus Blvd., in the close proximity of retailers, residential communities and parks, as well as historic landmarks such as the Aronimink Golf Club and Ellis Preserve.\u00a0Four buildings are\u00a0fully leased to diverse tenants including the Project Management Institute, Executive Health Resources and USDA Forest Service.\u00a0The\u00a0two-story, 50,000-square-foot property at 17 Campus Blvd., suitable for financial or professional services and healthcare companies, is available for lease.<\/p>\n<p>The purchase is part of Henderson&#8217;s new growth plan, which includes expanding its footprint by acquiring office and flex properties in strategic\u00a0areas, with a focus on\u00a0Chester County and Montgomery County.\u00a0\u00a0<\/p>\n<p><em>&#8220;Our 90-year history is rooted in construction and ground-up development and we\u2019ll also continue to build new Class A space to meet our tenants\u2019 evolving needs,&#8221;<\/em>\u00a0Henderson\u00a0President &amp; CEO Brian Wilbur Coyle said in a prepared statement.\u00a0<\/p>\n<p><em>Image courtesy of The Henderson Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm purchased a five-building office portfolio in Newtown Square, Penn., its first real estate deal, part of its new strategic growth plan.<\/p>\n","protected":false},"author":241,"featured_media":1004198970,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,10,21747,1494],"tags":[34672,38478,32796],"class_list":["post-1004198948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-office","category-philadelphia","tag-brandywine-realty-trust","tag-henderson-group","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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