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KING OF PRUSSIA, PA. — CBRE has arranged the sale of a net-leased property located at 715 W. Dekalb Pike in King of Prussia. A locally-based 1031 exchange investor acquired the property from Pike 705 LLC for $11.1 million, or $1,850 per square foot. Built in 2015, the 6,000-square-foot property is occupied by Verizon. Matthew Gorman and Michael Shover of CBRE represented the seller and buyer in the deal.