London-based
90 North Real Estate Partners and Arzan Wealth of Dubai have paid $127 million
for the Malvern campus of advanced building materials manufacturer
Saint-Gobain, which will remain at the site.
The
transaction includes Saint-Gobain's 320,000 square feet of office and lab space
across two buildings on 65 acres of land, 90 North Real Estate said in a
release. The manufacturer moved to the site from Valley Forge less than a year
ago with a 15-year lease.
The seller
was a consortium including E. Kahn Development Corp and J. Loew &
Associates, which had redeveloped the site for Saint-Gobain.
Source: Philly.com
No comments:
Post a Comment