Thursday, April 23, 2015

Wilmington Office Trades for $61.8M

Medistar Corp. acquired the office building at 3 Beaver Valley Rd. in Wilmington, DE from a joint venture between KBS Realty Advisors and Gramercy Property Trust for $61.8 million, or about $233 per square foot.

Constructed in 1995, the five-story office building totals 265,503 square feet and is situated on 17.9 acres in the North New Castle County submarket of Philadelphia.

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