{"id":1004205109,"date":"2018-01-31T00:40:33","date_gmt":"2018-01-31T08:40:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205109"},"modified":"2022-12-08T22:25:15","modified_gmt":"2022-12-09T06:25:15","slug":"cbre-arranges-sale-of-suburban-philly-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/","title":{"rendered":"CBRE Arranges Sale of Suburban Philly Office Park"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004205110\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004205110\" data-attachment-id=\"1004205110\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/west-chester-office-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg\" data-orig-size=\"1157,870\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1517229288&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;1&quot;}\" data-image-title=\"West Chester Office Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;West Chester Office Plaza&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg?w=1024\" class=\"wp-image-1004205110 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg\" alt=\"West Chester Office Plaza\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg 1157w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/West-Chester-Office-Plaza-e1517229466601.jpg?resize=1024,770 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004205110\" class=\"wp-caption-text\">West Chester Office Plaza<\/p><\/div>\n<p>CBRE intermediated the sale of West Chester Office Plaza, a five-building portfolio located on the western outskirts of Philadelphia. The asset traded from High Associates to\u00a0Maguire Hayden Real Estate Co. for $12.5 million.<\/p>\n<p>The buildings, constructed between 1964 and 1976, are located at the intersection of Market Street and Westtown Road in West Chester, Pa., in close proximity to routes 2 and 202. It consists of 116,621 square feet and 454 parking spaces spread across roughly 8 acres.\u00a0<\/p>\n<p><em>\u201cWest Chester Office Plaza has been institutionally owned for more than thirty years and its buildings are exceedingly well maintained,\u201d<\/em>\u00a0Adam Silverman, vice president of CBRE Philadelphia&#8217;s Commercial Investment Properties team, said in a prepared statement. <em>\u201cThe property has built a reputation as the preferred choice for small and mid-sized tenants who want access to the downtown Borough.\u201d<\/em><\/p>\n<h2>Diverse tenants<\/h2>\n<p>West Chester Office Plaza\u00a0was 90 percent leased at the time of the transaction. The diverse tenant roster comprises 48 entities, which occupy spaces ranging from roughly 1,000 to more than 33,000 square feet. Larger tenants include American Precision Industries, Women\u2019s Health Care Group of PA and Kinetic Prosthetics.<\/p>\n<p><em>\u00a0\u201cThe property uniquely offers ample tenant parking at a location convenient to the government buildings, shops and restaurants of West Chester Borough, the county seat,\u201d<\/em>\u00a0added Senior Vice President Marzullo. <em>\u201cWe continue to see strong interest in <a href=\"https:\/\/www.commercialsearch.com\/news\/investors-turning-attention-to-suburban-office\/\">value-add suburban office<\/a> from local investors as well as from capital outside the region seeking higher yield opportunities.\u201d<\/em><\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maguire Hayden Real Estate Co. acquired West Chester Office Plaza, a 116,621-square-foot, five-building ensemble located in West Goshen Township.<\/p>\n","protected":false},"author":739,"featured_media":1004506919,"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":[32789,38979,38958],"class_list":["post-1004205109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-northeast","category-office","category-philadelphia","tag-cbre","tag-high-associates","tag-maguire-hayden-real-estate-co"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBRE Arranges Sale of Suburban Philly Office Park - 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\/cbre-arranges-sale-of-suburban-philly-office-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Sale of Suburban Philly Office Park\" \/>\n<meta property=\"og:description\" content=\"Maguire Hayden Real Estate Co. acquired West Chester Office Plaza, a 116,621-square-foot, five-building ensemble located in West Goshen Township.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/\" \/>\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=\"2018-01-31T08:40:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:25:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1350\" \/>\n\t<meta property=\"og:image:height\" content=\"939\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/\",\"name\":\"CBRE Arranges Sale of Suburban Philly Office Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg\",\"datePublished\":\"2018-01-31T08:40:33+00:00\",\"dateModified\":\"2022-12-09T06:25:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg\",\"width\":1350,\"height\":939},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBRE Arranges Sale of Suburban Philly Office Park\"}]},{\"@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\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBRE Arranges Sale of Suburban Philly Office Park - 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\/cbre-arranges-sale-of-suburban-philly-office-park\/","og_locale":"en_US","og_type":"article","og_title":"CBRE Arranges Sale of Suburban Philly Office Park","og_description":"Maguire Hayden Real Estate Co. acquired West Chester Office Plaza, a 116,621-square-foot, five-building ensemble located in West Goshen Township.","og_url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-01-31T08:40:33+00:00","article_modified_time":"2022-12-09T06:25:15+00:00","og_image":[{"width":1350,"height":939,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg","type":"image\/jpeg"}],"author":"Beata Lorincz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/","url":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/","name":"CBRE Arranges Sale of Suburban Philly Office Park - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg","datePublished":"2018-01-31T08:40:33+00:00","dateModified":"2022-12-09T06:25:15+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg","width":1350,"height":939},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-suburban-philly-office-park\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"CBRE Arranges Sale of Suburban Philly Office Park"}]},{"@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\/23f841021ddf3b38ebc56abefe1d6004","name":"Beata Lorincz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","caption":"Beata Lorincz"},"description":"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-Chester-Office-Plaza.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205109","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\/739"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004205109"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205109\/revisions"}],"predecessor-version":[{"id":1004205399,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004205109\/revisions\/1004205399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506919"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004205109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004205109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004205109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}