NGKF Capital Markets represents owner in $98.4m sale of 300 Four Falls, Conshohocken
CONSHOHOCKEN, PA — NGKF Capital Markets has successfully completed the sale of 300 Four Falls in West Conshohocken, PA. The NGKF Capital Markets team comprising Mike Margolis, Taylor King, Dave Dolan and Brett Segal, along with area expert, Mike Maloney, represented the Tenants-in-Common Ownership Group in the $98.4 million sale to Maguire Hayden Real Estate Company, a fully integrated commercial real estate investment and operating firm that primarily acquires, repositions and manages office, industrial and flex properties in the Mid-Atlantic region.
300 Four Falls boasts an enviable West Conshohocken location with direct access from Route 23, which provides immediate back road access for both Philadelphia’s and the country’s most important decision makers who reside along Philadelphia’s historic Main Line. It also sits at the confluence of Suburban Philadelphia’s two most critical vehicular arteries, 1-76 and I-467. The property’s unparalleled location provides tenants with maximum access to both the area’s wealthiest residential communities as well as Conshohocken’s walkable, main street amenities.
300 Four Falls is a seven-story glass and granite tower sitting atop a six-story concrete parking deck. The 298,482 s/f property is 97% occupied and is home to six corporate headquarters. Positioned at the highest elevation in West Conshohocken, 300 Four Falls provides tenants expansive views of the Schuylkill River banks and downtown Conshohocken.
The ownership group was represented by National Asset Services (NAS), a commercial real estate asset and property management company that works with over 90 investment groups in properties of a nationwide portfolio, valued at over $2 billion.