X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST CONSHOHOCKEN, PA-A private real estate investment partnership has acquired the two-story, 5,000-sf office building at 920 Matsonford Rd. here. The site sold for nearly $1.2 million, or approximately $237.20 per sf.

Identified as a limited partnership named for the street address, the buyer entity includes Villanova Development Center, which is a full-service real estate investment and development firm that owns, operates and manages more than two million sf of commercial property throughout the northern US. Villanova is currently based in 2,300 sf at 15 Industrial Blvd. in Paoli, a Philadelphia suburb approximately 12 miles east of here.

James J. DiBianca, VP of Conshohocken-based Beacon Commercial Real Estate, was the sole agent in the agreement of sale and represented the seller, identified as 920 Ford Street LLC. DiBianca says the Villanova center will relocate its staff of about 10 employees to the new building within the next two months “or as soon as redecoration and furnishings are completed in the new location.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.