Tuesday, January 24, 2023

Brandywine lists five-building Plymouth Meeting Executive Campus for sale

 Paul Schwedelson Reporter - Philadelphia Business Journal

The office building at 630 W. Germantown Pike in Plymouth Meeting is one of five buildings in the Plymouth Meeting Executive Campus that's up for sale.

Brandywine Realty Trust has listed its five-building Plymouth Meeting Executive Campus for sale with some in the industry estimating it could sell for more than $100 million.

The five office buildings total 521,288 square feet. Four of the buildings have four floors and the fifth stands at six floors.

The property could sell for over $200 per square foot, according to an industry source, a figure that would equate to more than $104.3 million.

Spanning 22 acres, the Plymouth Meeting Executive Campus was built between the mid-1980s and early 90s.

Philadelphia-based Brandywine (NYSE: BDN) bought four of the buildings in 2002 for $67.2 million, according to filings with the U.S. Securities and Exchange Commission. It bought the fifth, at 660 W. Germantown Pike, in 2012 for $9.1 million. That building has six floors rather than four.

The five buildings are:

600 W. Germantown Pike: 89,626 square feet;

610 W. Germantown Pike: 90,088 square feet;

620 W. Germantown Pike: 90,183 square feet;

630 W. Germantown Pike: 89,870 square feet; and,

660 W. Germantown Pike: 161,521 square feet

Full story:  https://tinyurl.com/2r5ubejc


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