Thursday, February 21, 2019

PNL Companies Sells Suburban Philadelphia Office Building for $15.5M

PNL Companies, a full service investment firm headquartered in Dallas, sold a 91,190-square-foot office building in Malvern to a private investor. Malvern Executive Center sold for $15.5 million, or about $170 per square foot.

The three-story structure at 100 Deerfield Lane was built in 2003 and renovated in 2015. The 4-Star property spans nearly an acre less than 25 miles from Philadelphia International Airport.

The Class A building is 73 percent leased to ten tenants including Fox & Roach and USA Technologies.

The property provides both a current, stable cash flow and substantial value-add opportunity through the lease-up of existing vacancy,

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