{"id":1004788641,"date":"2026-02-19T04:21:22","date_gmt":"2026-02-19T12:21:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004788641"},"modified":"2026-02-20T05:45:18","modified_gmt":"2026-02-20T13:45:18","slug":"maguire-hayden-lands-58m-for-philly-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/maguire-hayden-lands-58m-for-philly-office-building\/","title":{"rendered":"Maguire Hayden Lands $58M for Philly Office Building"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1023\" height=\"768\" data-attachment-id=\"1004788646\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/300-four-falls-in-philly-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg\" data-orig-size=\"1023,768\" 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=\"300 Four Falls in Philly\" data-image-description=\"&lt;p&gt;Image courtesy of JLL Capital Markets, attached to the press release.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The building comprises seven stories of office space and six levels of underground parking space.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg?w=1023\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg\" alt=\"Exterior shot of 300 Four Falls, a 300,000-square-foot office building in one of Philadelphia's suburbs.\" class=\"wp-image-1004788646\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg 1023w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/300-Four-Falls-in-Philly-edited.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 1023px) 100vw, 1023px\" \/><\/a><figcaption class=\"wp-element-caption\">300 Four Falls comprises seven stories of office space and six levels of underground parking space. <em>Image courtesy of JLL Capital Markets<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Maguire Hayden Real Estate Co. has secured a $58 million refinancing loan for 300 Four Falls, a 298,564-square-foot office building in Philadelphia\u2019s Conshohocken suburb. <\/p>\n\n\n\n<p>Barclays and an Argentic Investment Management entity issued the five-year, fixed-rate note in a transaction arranged by JLL Capital Markets.<\/p>\n\n\n\n<p>The refinancing retires a 10-year, $70 million acquisition loan that was scheduled to mature this month, according to Yardi Matrix data. The original debt included a $50 million <a href=\"https:\/\/www.commercialsearch.com\/news\/another-strong-year-for-cmbs\/\">CMBS loan<\/a> from Morgan Stanley, Bank of America and Merrill Lynch Trust, along with $20 million from Bank of America and Merrill Lynch Trust. <\/p>\n\n\n\n<p>Maguire Hayden used both notes to purchase the asset from Sovereign Capital, the same data provider shows. The company paid $98.4 million for it, about $329.6 per square foot.<\/p>\n\n\n\n<p>JLL Capital Markets Senior Managing Director Chad Orcutt led the Debt Advisory team that secured the refinancing on behalf of the borrower.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-closer-look-at-300-four-falls\">A closer look at 300 Four Falls<\/h2>\n\n\n\n<p>The office property came online in 2003, at 300 Conshohocken State Road. The building comprises seven stories of office space with 47,000-square-foot average floorplates, as well as a six-level underground parking garage. Amenities include a renovated lobby, a conference center, a caf\u00e9, a fitness center, penthouse suites on the seventh floor and EV charging stations.<\/p>\n\n\n\n<p>The tenant roster at 300 Four Falls features John Templeton Foundation, Tandigm Health, BTG International, Bank of America, ASM, Raymond James, SERB Pharmaceuticals and Trammell Crow. The mid-rise was 91.6 percent leased at the time of the deal.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">Office Real Estate Trends<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Just off Interstate 76, 300 Four Falls is 14 miles northwest of downtown Philadelphia. Other major thoroughfares in the area include interstates 476 and 276. The property is within 1 mile of the Conshohocken SEPTA station and several golf courses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-philly-office-market-continues-recovery-trajectory\">Philly office market continues recovery trajectory<\/h2>\n\n\n\n<p>As of December, Philadelphia&#8217;s average office listing rates rose 2.9 percent year-over-year to $31.69 per square foot, below the national figure of $32.86, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/office-report-as-vacancy-eases-coworking-bridges-the-gaps\/\">recent Yardi Matrix report<\/a>. Peer markets registered higher values, starting with Boston ($47.73 per square foot), Washington, D.C. ($40.27 per square foot), Atlanta ($36.85 per square foot) and Dallas ($32.19 per square foot).<\/p>\n\n\n\n<p>During the same month, Philadelphia&#8217;s office vacancy clocked in at 18.5 percent, marking a 90-basis-point drop on a trailing 12-month basis, yet still slightly above the 18.4 percent national average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A JLL team arranged this refinancing deal.<\/p>\n","protected":false},"author":3619,"featured_media":1004788646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,11,21742,21747,1494],"tags":[33250,32934,44006,38958,32774],"class_list":["post-1004788641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-midatlantic","category-latest","category-office","category-philadelphia","tag-bank-of-america","tag-barclays","tag-jll-capital-markets","tag-maguire-hayden-real-estate-co","tag-morgan-stanley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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