Arch Street Claims 570K-SF Suburban Philly Assets for $173M

Arch Street Capital Advisors, LLC acquired a fully-leased, 568,658-square-foot office portfolio located in the greater Philadelphia MSA, on behalf of an institutional client from Liberty Property Trust for $173.1 million. The assets consist of four single-tenant office buildings located in Malvern, PA.

Arch Street Capital Advisors’ Damian Taylor says, “We are pleased to enter the greater Philadelphia office market with the purchase of a high-quality portfolio leased to a well-established and long-term tenant. We continue to seek quality long-term, single-tenant, net lease office assets on behalf of our institutional clients.”

The properties include: 50 Morehall Rd. (117,000 square feet), 60 Morehall Rd. (117,000 square feet), 425 Old Morehall Rd. (201,658 square feet) and 1001 Cedar Hollow Rd. (133,000 square feet).

CBRE’s Robert Fahey, Jerry Kranzel, Erin Hannan and Jack Corcoran represented Liberty.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Arch Street Claims 570K-SF Suburban Philly Assets for $173M

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Arch Street Claims 570K-SF Suburban Philly Assets for $173M

Inside The Story

About Dennis Kaiser