Wednesday, May 22, 2019

Viking Partners Expands Philadelphia Presence With Acquisition of Valley Square

Cincinnati, Ohio-based investment firm Viking Partners purchased the Valley Square office complex in Blue Bell, Pennsylvania, from Corvest Realty Group for $19.75 million, or about $67 per square foot.

The five buildings at 512 Township Line Road total 293,870 square feet. The Class B, two- and three-story structures span 22.1 acres less than four miles from the Norristown Transportation Center.

In October 2018, Viking Parnters acquired Bucks Town Corporate Campus, a five-building office complex totaling approximately 142,000 square feet, near Philadelphia for $10.5 million.

The seller, which originally purchased the buildings in October 2013.

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