Liberty Property Eyes March Groundbreaking for $55M Office Building
Liberty Property Trust will break ground in March on a $55 million office building for the Vanguard Group at Great Valley Corporate Center in Malvern, Pa.
Jones Lang LaSalles' Ron Cariola and Mike Morrone negotiated Vanguard's long-term lease to jump-start the 200,000-square-foot, six-story project. The building will deliver in mid-2014.
The building was designed by D2CA Architects to achieve LEED certification. Studio Bryan Hanes is the landscape architect and Bala Consulting Engineers is the project engineer.
“Now in its 41st year, Great Valley Corporate Center is one of nation’s leading business parks and a major employment center for Greater Philadelphia,” said Tom Sklow, vice president and city manager for Liberty. “The park continues to evolve and grow, and just last month became even more accessible with new connections to the Pennsylvania Turnpike.” Great Valley companies have created about 25,000 jobs in the park.