Monday, February 17, 2014

1000 Continental KOP office building trades for $63M

by Natalie Kostelni Staff writer for Philadelphia Business Journal
A King of Prussia, Pa., office building has traded for $63 million.
KBS Realty Advisors bought 1000 Continental Drive, a 205,424-square-foot building from Equus Capital Partners Ltd. of Philadelphia. The building was 99 percent occupied at the time of the sale.
The LEED silver building was constructed on speculation in 2008 by Equus development affiliate, BPG Development Co. Tenants include Hartford Insurance, Nationwide, FT Services, Sedgwick Services, Farmers Insurance, UNUM and Guinan Financial Group.

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