NNN Healthcare/Office REIT Inc. has acquired an approximately 106,000-square-foot office building in Valley Forge, Pa., for an undisclosed price.

The asset, located at 2750 Monroe Blvd., is a two-story, single-tenant property that includes an accessory building used for storage that totals more than 3,400 square feet. Located on a 10.5-acre parcel in the Valley Forge Corporate Center, the property was built in 1985, extensively renovated in 2001, and includes 540 parking spaces.

At the time of sale, the facility was completely leased through April 2011 to Quest Diagnostics Inc., a Fortune 500 company that provides diagnostic testing, information and services. Quest Diagnostics utilizes the building as its National Revenue Services Center, which provides bill management and accounting for all of Quest Diagnostics’ domestic operations.

NNN Healthcare/Office REIT purchased the building from Lexington Valley Forge L.P.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Las Vegas is back and there are only a few presale tickets left! Register today before they're gone.REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription