Keystone Property Group has sold 240 Radnor-Chester Road in Radnor for $26 million, or $260 a square foot.
The buyer in this off-market transaction wasn’t disclosed.
Main Line Health fully occupies the 100,462-square-foot office building and signed a long-term lease in 2008 to consolidate its corporate offices and Home Care Network.
Keystone bought the building, which was vacant at the time, in 2005 for $11 million from Rosemont Construction. The real estate company subsequently invested another $9 million stripping the building down to the steel and renovating it. It was rebranded the Keystone Executive Center.
Real Estate, Economic Development
Source: Philadelphia Business Journal
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