Devon International Group sold the office building at 1100 1st Ave. in King of Prussia, PA to Royale Gardens LP, an investment group led by the Piazza family.
The 18.1-acre site is currently improved with a two-story, 148,000-square-foot office building located within the King of Prussia business park in Montgomery County, just off Rte 422 and adjacent to the I-276 and I-76 with access to the entire Philadelphia MSA.
The buyer plans to redevelop the property by managing the existing building and exploring the development of a mixed-use commercial component with possible medical office space, multi-housing, market retail or a boutique hotel.
"This is a rare and unique opportunity, you don’t find 18+ acres of developable land in the heart of King of Prussia anymore," said Vince Piazza. "I’m thrilled to be part of the redevelopment and transformation of Upper Merion Township."
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