Wednesday, February 10, 2016

MaguireHayden RE Pays $98.4M for Four Falls Corp Ctr Bldg

MaguireHayden Real Estate acquired the 300 Four Falls Corporate Center office building at 300 Conshohocken State Rd. in Conshohocken, PA from National Asset Services, Inc. for $98.4 million, or about $330 per square foot.

The 298,482-square-foot, seven-story property sits on 2.5 acres in Philadelphia's Montgomery County. It features a six-story, covered parking deck, on-site fitness center and full-service gourmet cafe with Wi-Fi. Built in 2001, the asset was 97 percent occupied at the time of sale to multiple tenants, including John Templeton, The Judge Group and EMC Corporation.

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