PHILADELPHIA,PA–Dallas-based PNL Companies has acquired the Malvern Executive Center, located at 100 Deerfield Lane in Malvern, PA, from LNR for an undisclosed amount. Peter Stevens of CBRE represented the seller in the transaction.
CBRE's Tom Bailey and Steve Gersbach will be marketing the three story, 89,000 square foot office building for PNL.
“The Malvern Executive Center is a class A office building that will compete actively at a lower price point to its competition in the rapidly growing and desirable Malvern submarket,” says Daniel Levitan, managing director with The PNL Companies. “We are working with a local design team to update the building's finishes and common areas. Our intent is to provide our tenants with a high quality experience at an affordable price.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
