Wednesday, February 5, 2014

Montgomery County Human Services Ctr Sells for $17.5M

The County of Montgomery, PA sold the Montgomery County Human Services Center office building at 1430 Dekalb St. in Norristown, PA to Silverang Hallowell Development Company for $17.5 million, or approximately $51 per square foot. 

The five-story, 346,000-square-foot office building was constructed in 1958 on 3.1 acres in the Norristown / Valley Forge submarket of Philadelphia. Montgomery County Health Department executed a 15-year leaseback for 125,000 square feet there.

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