Valley Forge buildings sell to joint venture

Assets fully leased at closing
Published on Apr 3, 2008

Brokerage GVA Williams New Jersey recently completed the sale of Valley Forge Corporate Center I & II in Norristown, Pa., for an undisclosed price. Purchased by a partnership between Mountain Development Corp. and Meritage, the two-building property comprises 118,380 square feet located at 2500 and 2600 Monroe Blvd. Building I is a two-story office building comprising 72,880 square feet situated on 6.65 acres, and Building II is a one-story office building comprising 45,500 square feet situated on 4.15 acres. At the time of closing, Building I was fully leased to Idearc, a company that connects buyers and sellers with its multiplatform advertising solutions; and Building II was fully leased to a major regional transmission organization that coordinates the movement of wholesale electricity. The buildings are part of Valley Forge Corporate Center, a 14-building, 880,000-square-foot corporate campus.*** What's your opinion? Leave your comments below or send a ...

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