CBRE is pleased to announce that it has arranged the sale of 950 Pulaski Drive building in King of Prussia, Pennsylvania for a purchase price of $8,200,000. The one-story, 40,000 square-foot property, located directly across from the King of Prussia Mallwas acquired jointly by Merion PHC Holdings LLC and Moreland Development LLC.

Gary Leone and Steven Gartner of the CBRE Global Retail Services team represented the seller, Hemar Realty Co. during the transaction.

Currently configured as physicians’ offices, exam rooms and labs, this building most recently housed offices for the Children’s Hospital of Philadelphia and is fully vacant.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.us.