Valley Forge buildings sell to joint venture

Assets fully leased at closing

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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 ...