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Lend Lease to Sell Bay Colony Complex for $45M Plus

WAYNE, PA-The 250,000-sf, four-building office complex on 30 acres at East

By Marita Thomas | Updated on April 30, 2003

WAYNE, PA-Philadelphia-based Lend Lease Real Estate Investments has put Bay Colony Executive Park, a 250,000-sf, four-building office complex here, on the market for an estimated $47.5 million, or about $190 per sf. Robert Fahey of Cushman & Wakefield of Pennsylvania, also based in Philadelphia, leads the marketing team.

The property is located on 30 acres on East Swedesford Rd. The initial two buildings were constructed in 1986 in a partnership between Boston-based Bay Colony Development Co. and a local investor. A third building was completed in 1989, and the fourth was completed in 1998 by then-owner, Irving, TX-based Archon Group.

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