Highview I, 200 Campus Drive, Collegeville, PA
COLLEGEVILLE, PA—Maguire Hayden Real Estate Company is acquiring Highview I & II (200 and 400 Campus Drive) in Collegeville, PA, from TA Realty. Maguire Hayden paid $32 million for the 183,363-square-foot, class A office portfolio.
Joseph B. Hill, Jr., executive director with Cushman & Wakefield, led the Pennsylvania Capital Markets team of Robert Yoshimura, Eric Mattson and Joseph R. Hill in representing TA Realty.
“The portfolio represented an excellent opportunity to acquire class A, institutional-quality suburban office product offering stable, current yield and prominent credit tenancy in a superb, accessible location,” says Hill.
The two buildings, which are currently 93%-leased, are home to anchor tenants IQVIA, Fidelity Information Services and FirstService Residential. Highview I, located at 400 Campus Drive, totals 78,564 square feet and contains three floors. Highview II, located at 200 Campus Drive, totals 104,799 square feet over four floors.
The properties are near US Route 422, PA Route 29 and other regional roadways. Nearby arterial connections include I-76, the Pennsylvania Turnpike and US Route 202, providing accessibility to population centers within the Philadelphia MSA, including the Philadelphia CBD.
In addition, tenants benefit from a variety of amenities nearby, including Providence Town Center, King of Prussia Mall, Philadelphia Premium Outlets, as well as numerous hotels, restaurants, parks and entertainment facilities, such as the Valley Forge Casino Resort.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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].
