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Amerimar Partnership Sells PA Office Property

NEW YORK CITY-A partnership led by a Radnor, PA investment group paid somewhere north of $120 per sf for the 22,000-sf asset. The two-story building is fully leased to a UK-based pharmaceutical firm.

By Glen Thompson | Updated on April 26, 2002

NEW YORK CITY-A limited partnership affiliated with Philadelphia-based Amerimar Enterprises Inc. has sold a 22,000-sf office building located in King of Prussia, PA.

630 Park Ave., a two-story office building in the King of Prussia Business Park, was sold to a partnership including Radnor Property Group, a Radnor, PA-based real estate investment and development firm. While the exact price has not been disclosed, 630 Park Avenue LP purchased the asset for more than $120 per sf.

Trammell Crow Co. investment services group vice president Steve Marzullo and Tom Sklow, principal, brokerage group, brokered for the seller. The buyer was self-represented.

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