Thursday, September 19, 2013

Alliance HSP Sold 88,000 SF

American Realty Capital Global Trust, Inc. acquired the Fort Washington Office Park at 1005 Virginia Dr. in Fort Washington, PA from Alliance HSP Ewing Office LLC for $13.4 million, or about $152 per square foot. 

The two-story, 88,000-square-foot office property was built in 1965 in the Ft Washington / Spring House submarket of Montgomery County. The asset is fully leased to Kulicke & Soffa Industries on a triple-net lease through 2023. 

The buyer funded the acquisition with proceeds from its ongoing public offering.

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