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401 Parkway Bids Start at $4 Million

BROOMALL, PA-This 32,500-sf office building in the heart of town is in 'a busy area.'

By Casey Freeman | Updated on April 18, 2008

BROOMALL, PA-Owners are selling the three-story, 32,500-sf 401 Parkway building for just under $3.5 million here, or leasing it for $15.50 per sf plus electric. The class-B office building is near major highways in the center of the city.

“A lot of people are interested in the building,” Justin M. Soss, executive vice president of KarMar Realty Group tells GlobeSt.com. “Different types of investors, businesses and office users have looked at this site.”

A computer-marketing company used to lease the entire building, but it downsized and moved elsewhere. Later, a school for mentally disabled adults came into the property. Now the building is almost totally vacant, according to Soss.

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