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Air Liquide Sells 43,000-SF Office Building

MALVERN, PA-IMC Construction pays $98 per sf for Three Great Valley Parkway and will invest $3 million before relocating to half of the space.

By Marita Thomas | Updated on August 24, 2007

MALVERN, PA-Robert Cottone, president of Paoli-based IMC Construction, has acquired the 43,000-sf Three Great Valley Parkway for nearly $4.3 million or just north of $98 per sf. Following renovations, the company will relocate its headquarters to half of the building and lease the other half.

The seller is Air Liquide America, the Houston-based US subsidiary of L’Air Liquide, based in Paris and one of the world’s largest suppliers of industrial gas mixtures. Following a merger that included the acquisition of other companies, Air Liquide relocated personnel from the Great Valley Corporate Center building, leaving it vacant.

Steve Marzullo, senior vice president of investment sales in the Wayne office of CB Richard Ellis, and CBRE brokers Mike Brown, Steve Gersbach, Nora Brady and Chris Major represented the seller. Carl Gersbach and Andy Spillard in the same CBRE office procured and then represented the buyer.

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