The locally based mixed-use investment and development firm paid Radnor, PA-based Brandywine Realty Trust an estimated $71.46 million or about $153 per sf for the 21-year-old property at 8144 Walnut Hill Lane. Prescott president Jud Pankey couldn't be reached by GlobeSt.com's publication deadline to learn the contract price. However, in a prepared statement Brandywine president and CEO Jerry Sweeney said Walnut Glen Tower and the 173,000-sf Bala Pointe office building in Bala Cynwyd, PA were under contract for a total price of about $98.1 million.

That number equates to about $153.94 per sf for the total 637,269 sf in the two buildings. The Bala Pointe building's price is estimated at $26.63 million. That deal is still pending, according to area brokers familiar with the property.

For Prescott, the acquisition of Walnut Glen Tower at this time dovetails with its redevelopment plans on owned property near the Mockingbird rail stop, brokers familiar with firm's portfolio tell GlobeSt.com. Prescott also owns the nearby 6060 North Central office complex. Walnut Glen tower is just west of DART's Walnut Hill light rail station.