PHILADELPHIA—Cornerstone Real Estate Advisers sold its Stone Manor Corporate Center, 2600 and 2700 Kelly Rd., Warrington, PA, to Pembroke Hobson and co-sponsor Ten Capital Management for $19.75 million.
“The property's strong occupancy and mix of high-quality tenants is expected to generate good cash flow and annual returns to our investors,” says Paul DiSandro, Ten Capital Management's portfolio manager.
The class-A office property totals 121,535 square feet and is fully occupied.
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