GPX sinks money into The Woods

GPX Realty Partners L.P. recently acquired The Woods Office Center, a 570,000-square-foot property in Wayne, Pa.

The 17-building property is situated on 77 acres.

Under the terms of the deal, GPX Realty Partners agreed to pay $60 million in cash for the portfolio, which was built by private investor and developer Bruce Buck. GPX also announced it will invest $9 million in leasehold and infrastructure improvements to the property.