Wednesday, November 30, 2011

Holtec Int'l Buys Two Marlton Office Bldgs for $22.8M

Brandywine Realty Trust sold two office buildings in Marlton, NJ. The buildings sold for $22.8 million, or about $111 per square foot, as an investment by Holtec International, Inc.

Five Greentree Center is a 165,956-square-foot, four-story, class A office building located at 525 West Lincoln Drive. Lake Center II is a 40,287-square-foot, single-story office building located at 30 Lake Center Executive Parkway. Five Greentree Centre is part of the Greentree Centre building park and sits on about 13.9 acres, while Lake Center II sits on about 6.36 acres of land and is part of Lake Center Executive Park. Both buildings are located very close to Route 73 N, and both were built in 1986.

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