HFF announces sale of 299,809 s/f 1400 Atwater Drive in suburban Philadelphia
PHILADELPHIA, PA — HFF announced the sale of 1400 Atwater Dr., a 299,809 s/f, class A office building in the Philadelphia-area community of Malvern. The HFF team represented the seller, Gramercy Property Trust. Equus Capital Partners, LTD purchased the asset. 1400 Atwater was marketed in conjunction with a portfolio of office assets located in Florida, Illinois, New Jersey, North Carolina, Ohio, Tennessee and Texas. 1400 Atwater Dr. is positioned on a 24.84-acre site overlooking Atwater Lake within the Atwater Corporate Center, the newest office development in the Malvern/Exton submarket. The five-story property has direct access to the Pennsylvania Turnpike via Route 29 and affords commuters easy access to the Greater Philadelphia area, including Philadelphia’s central business district approximately 30 miles southeast and Philadelphia International Airport, located 35 miles away. Completed in 2013, the LEED Silver-certified building is fully leased to Endo Pharmaceuticals as its North American Headquarters.