Wednesday, January 22, 2014

Sunoco Acquires Two Office Buildings

NEWTOWN SQUARE, PA-In connection with its move out of Center City in Philadelphia, Sunoco has acquired two office buildings at Ellis Preserve here totaling 233,000 square feet.
Sunoco announced it would relocate from its offices at Mellon Bank Center in Philadelphia in December. No terms of the transaction were reported.
Sunoco plans to commence renovations of the existing buildings immediately, with the scheduled completion estimated for the second quarter of 2015. 
“This is a great opportunity for Sunoco to unify many of its employees as they move forward with their exciting future. Ellis Preserve is an ideal location for them, not only is it a beautiful spot, but it sits centrally relative to their locations."
“Sunoco’s internal considerations created deadlines and confidential issues that are not always experienced on these types of searches. We followed a somewhat unique process in order to accommodate their needs, but ensured that they found the kind of facility that they required.”
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