Clarion Partners & JLL announce leasing of newly renovated class A office building in West Chest
West Chester, PA — Clarion Partners and JLL announced the completion of a $3 million renovation at 1475 Dunwoody Dr., a 121,416 s/f class A office building located in West Chester. The asset is owned on behalf of a commingled fund managed by Clarion Partners.
The extensive renovation scope focused on refreshing the common areas to position 1475 Dunwoody at the leading edge of the suburban Philadelphia class A office market. Updates include: two-story lobby, restrooms, café, elevator finishes, and landscaping. “Clarion has renovated 1475 to provide for a class A environment characterized by first-class amenities and a strong sense of place,” said Margaret Egan, senior vice president at Clarion Partners. “The expansive and bright lobby and café provide alternative, informal work and gathering spaces that ownership believes are unrivaled in the competitive set. The improvements provide for a high-end experience intended to improve tenant identity, productivity and comfort, and we are very excited to re-introduce this property to the market.”
“JLL is thrilled to work with Clarion Partners again as we take the lead in this first-time-ever leasing opportunity,” said JLL senior vice president Whitney Hunter.
Additionally, the West Chester property is located in a Keystone Innovation Zone, part of an incentive program developed by the Pennsylvania Department of Community & Economic Development that provides tax credits to for-profit companies less than eight years old with operations in targeted industries.