{"id":1004639164,"date":"2023-01-13T02:27:43","date_gmt":"2023-01-13T10:27:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004639164"},"modified":"2023-01-13T02:27:45","modified_gmt":"2023-01-13T10:27:45","slug":"silverang-hallowell-sells-262-ksf-former-hospital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/","title":{"rendered":"Silverang Hallowell Sells 262 KSF Former Hospital"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004639170\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/1430dekalb_1536x1040hero\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg\" data-orig-size=\"1071,804\" data-comments-opened=\"0\" 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=\"1430Dekalb_1536x1040Hero\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg?w=1024\" class=\"size-medium wp-image-1004639170 alignright\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg 1071w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Colliers<\/strong> has completed the $22.5 million sale of a 262,000-square-foot office building in Norristown, Pa. The seller was <strong>Silverang Hallowell Development,<\/strong> having purchased the property in 2014, for $17.5 million, CommercialEdge data shows. Colliers, together with <strong>Flynn Co.<\/strong> and <strong>CBRE<\/strong>, negotiated on behalf of the new ownership.<\/p>\n<p>Formerly known as the Sacred Heart Hospital, 1430 Dekalb St. is a five-story institutional facility equipped with an adjacent parking area with 138 parking spots, now home to Montgomery County\u2019s Department of Health and Human Services. The governmental tenant is occupying more than 125,000 square feet at the property.<\/p>\n<p>The former hospital building is situated on a 3-acre lot, across from Norristown Regional Health Center and Children\u2019s Hospital of Philadelphia\u2019s Primary Care Center, close to interstates 276 and 476, 4.7 miles from King of Prussia, Pa., and within 20 miles of downtown Philadelphia.<\/p>\n<p>Colliers Vice President of Investment Eric Grad, together with Flynn Co. and CBRE, negotiated on behalf of the undisclosed buyer. This is the first office sale in metro Philadelphia this year and also the first in Norristown since October 2022, according to CommercialEdge data.<\/p>\n<p>The same data provider shows that a total of 728,978 square feet of office space changed hands in the last quarter of 2022 across the metro, at an average of $128.33 per square feet. In August 2022, Lakewood Equity sold a five-building, 185,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/lakewood-equity-sells-suburban-philadelphia-office-campus\/\">office campus in suburban Philadelphia<\/a> for $21.4 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of Health is the main tenant of the Philadelphia-area building. <\/p>\n","protected":false},"author":2991,"featured_media":1004639170,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,10,21747,1494],"tags":[32789,35498,47867],"class_list":["post-1004639164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-northeast","category-office","category-philadelphia","tag-cbre","tag-colliers","tag-the-flynn-company"],"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>Silverang Hallowell Sells 262 KSF Former Hospital - CPE<\/title>\n<meta name=\"description\" content=\"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.\" \/>\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\/silverang-hallowell-sells-262-ksf-former-hospital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silverang Hallowell Sells 262 KSF Former Hospital\" \/>\n<meta property=\"og:description\" content=\"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/\" \/>\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=\"2023-01-13T10:27:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-13T10:27:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1071\" \/>\n\t<meta property=\"og:image:height\" content=\"804\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/silverang-hallowell-sells-262-ksf-former-hospital\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/\",\"name\":\"Silverang Hallowell Sells 262 KSF Former Hospital - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg\",\"datePublished\":\"2023-01-13T10:27:43+00:00\",\"dateModified\":\"2023-01-13T10:27:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg\",\"width\":1071,\"height\":804},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Silverang Hallowell Sells 262 KSF Former Hospital\"}]},{\"@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\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"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\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Silverang Hallowell Sells 262 KSF Former Hospital - CPE","description":"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.","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\/silverang-hallowell-sells-262-ksf-former-hospital\/","og_locale":"en_US","og_type":"article","og_title":"Silverang Hallowell Sells 262 KSF Former Hospital","og_description":"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.","og_url":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-01-13T10:27:43+00:00","article_modified_time":"2023-01-13T10:27:45+00:00","og_image":[{"width":1071,"height":804,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","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\/silverang-hallowell-sells-262-ksf-former-hospital\/","url":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/","name":"Silverang Hallowell Sells 262 KSF Former Hospital - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg","datePublished":"2023-01-13T10:27:43+00:00","dateModified":"2023-01-13T10:27:45+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Colliers completed the $22.5 million sale of an office building in Norristown, Pa. The seller was Silverang Hallowell Development.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg","width":1071,"height":804},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/silverang-hallowell-sells-262-ksf-former-hospital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Silverang Hallowell Sells 262 KSF Former Hospital"}]},{"@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\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","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\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/01\/1430Dekalb_1536x1040Hero-e1673530629817.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004639164","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\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004639164"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004639164\/revisions"}],"predecessor-version":[{"id":1004639270,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004639164\/revisions\/1004639270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004639170"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004639164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004639164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004639164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}