Thursday, March 5, 2015

Merion Bldg Trades for $18.5M

Griffin-American Healthcare REIT III, Inc. acquired the Merion Building at 700 S. Henderson Rd. in King of Prussia, PA from O’Neill Properties Group LP for $18.5 million, or about $252 per square foot.

The historic office building delivered in 1932, and was renovated in 2002. It totals 73,326 square feet in 5.9 acres in Montgomery County.

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