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SSH Real Estate Closes Four Investment Property Listings in Philadelphia Suburbs for Over $36M
June 13, 2017

The investment sales team at SSH Real Estate has represented multiple sellers in four different sale transactions totaling over $36 million in the Philadelphia Suburbs. Each of the properties was purchased by a different 1031 investor who was looking for suburban commercial properties to generate attractive returns without taking on uncomfortable amounts of leasing risk.

Here is an overview of the four transactions in the order that they closed:

456 Creamery Way in Exton. This 47,604 square foot flex building is fully leased to Neutronics, who has occupied the property since 1992. The property was purchased by an investor who had recently sold a retail property in Frazer. The buyer was represented by Jeff Duffy of Vista Realty Partners.

1025 Andrew Drive in West Chester, 1234 West Chester Pike in West Chester, and 3409 West Chester Pike in Newtown Square. This portfolio of three professional buildings – all located at prominent highway locations—has a total of 70,473 square feet. Two of the buildings are anchored by long-term Berkshire Hathaway leases. The purchaser had recently sold a parking garage in Philadelphia. SSH was also awarded the property management and leasing assignments for this portfolio.

100 Campbell Boulevard in Exton. This single-story office building totals 30,824 square feet and is anchored by the Exton office of Keller Williams on a long-term lease. The buyer had recently sold a long-term, net-leased retail property in Maryland. Douglas Kelly, CCIM of Emerald Realty Group represented the buyer.

468 and 486 Thomas Jones Way, Exton. These two adjacent properties total 80,306 square feet and are long-term, net-leased to Collegium Charter School. In the purest definition of a “like-kind exchange”, the buyer had been forced to sell two other buildings leased by Collegium due to purchase options in the leases. Although the buyer looked at multiple potential replacement properties, they ultimately determined that they liked Collegium’s growth story and had enjoyed having them as a tenant previously, and that their best opportunity for investment yield and safety would be to reinvest in Collegium buildings.

SSH’s Investment Services Division consists of Dan Mayock, Tyler Berlinsky, Mike Montemuro, and Angel Lin.


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