CBRE BROKERS $24 MILLION OFFICE/INDUSTRIAL SALE

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VALLEY FORGE, PA. — CB Richard Ellis (CBRE) has brokered the sale of a 251,751-square-foot office/industrial building located in Valley Forge for $24 million. The facility is situated on 15.29 acres at 2621 Van Buren Ave., within the 250-acre Valley Forge Corporate Center. It features Class A office space, as well as warehouse and light manufacturing space. At the time of closing, it was 96 percent occupied by a tenant roster that includes Comcast Corp., PayChex, Texas Instruments and PJM Interconnection. Michael Hines and Lizann McGowan of CBRE’s Philadelphia office represented the seller, BPG Properties. The property was acquired by New Jersey-based Lingwood Partners.

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