NGKF Capital Markets represented Liberty Property Trust in its sale of 151 South Warner Road in King of Prussia, Pennsylvania to a German Family Office for $26,800,000. Mike Margolis and Dave Dolan of the NGKF Capital Markets Philadelphia team represented the seller in the transaction, along with NGKF’s area expert, Jeff Mack.
Redeveloped by Liberty Property Trust, 151 South Warner Road is designed to LEED Gold standards. 151 South Warner Road boasts one of the best vehicular access locations in the greater Philadelphia region with entrances to I-76, I-276, Routes 202 and 422, all within less than a half mile of the property. The property is also served by the Connect KOP commuter shuttle which provides transportation to various nearby business parks and the SEPTA Regional Rail Wayne Station.
In September 2016, The Judge Group signed a long-term lease to occupy 100 percent of the property, as its corporate headquarters. 151 South Warner Road provides The Judge Group all the attributes a modern tenant desires, including abundant natural light from the six-foot high windows, interior offices with large open spaces and an amenity package that includes a lunch serving area, dining and game area, training room as well as several interior collaboration areas throughout the building.
In terms of access to amenities, the property is one of the best located suburban office assets in the country. 151 South Warner Road is located just minutes from the King of Prussia Mall, the largest retail mall in the United States. The property is also situated across the street from the new Village at Valley Forge, a 135-acre mixed-use development that will feature over 250,000 square feet of retail space, 3,000 residential units, 1.5 million square feet of office space, 500 hotel rooms and a Children’s Hospital of Philadelphia (“CHOP”) out-patient facility, at full development.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
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