Arch Street Capital Acquires Net Lease Office Portfolio in Malvern, PA
"We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients," says Damian Taylor, senior vice president at Arch Street Capital Advisors.
MALVERN, PA—Arch Street Capital Advisors acquired a fully leased office portfolio in the greater Philadelphia MSA, on behalf of an institutional client. The portfolio acquisition consists of four single-tenant office buildings which total 568,658 square feet of office space located in Malvern, PA.
“We are pleased to enter the greater Philadelphia office market with the purchase of a high-quality portfolio leased to a well-established and long-term tenant,” says Damian Taylor, senior vice president at Arch Street Capital Advisors. “We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients.”
425 Old Morehall Road, Malvern, PA, one of the properties Arch Street acquired, was built in 2014. The six-story building contains 212,410 square feet, and has a parking deck. The building is LEED Gold certified.
Arch Street Capital Advisors specializes in assisting investors with their US real estate strategies including acquisition and joint venture advisory, financing advisory, and asset management and disposition services. Since 2003, Arch Street has advised clients on more than $6.5 billion of acquisitions, dispositions and financings.