Steve Italiano and Dan Reeder of the Wayne office of CB Richard Ellis represented the owner, a private real estate investment group, G. Rullo et al. The buyer takes its name from the name of the building.
Italiano says Summit at Brandywine acquired the property for its own use, but plans to offer approximately 10,000 sf of office space for lease. According to a first-quarter 2005 report from the Philadelphia office of CBRE, the average asking rental rate for class A office space in Delaware County is $23.20 per sf.
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