Cushman & Wakefield is pleased to offer the exceptional opportunity to acquire Lindenwood Corporate Center, located at 101 - 301 Lindenwood Drive, Malvern PA, the premier office campus in the region totaling 261,848 square feet over 4 office buildings on 16.2 acres. The trophy campus is ideally located in Philadelphia’s premier King of Prussia / Valley Forge submarket along the “29 Corridor.” Lindenwood recently underwent a best-in-class modernization program totaling $5.6 million which repositioned the campus into one of the premier office destinations in the King of Prussia / Valley Forge sub-market.
Ideally positioned in the heart of the 29 Corridor, Lindenwood is located at the confluence of Route 202, Route 30 and Route 29 – a few of the region’s primary roadways, providing unparalleled access from all directions. Lindenwood is widely considered one of the best located office parks in the entire Greater Philadelphia Region as it connects the all the positives of a suburban lifestyle, with countless residential communities within a short drive coupled with the dining and retail amenities along 29 Corridor.
Lindenwood provides qualified investors with outsized returns on a core-plus opportunity with strong in-place cash flow and the ability to grow NOI through additional leasing. Rental rates have continued to increase over the past 5 years providing Lindenwood with the ability to release 78,000 square feet at 10.8% over in-place rents, offering investors an exceptional opportunity to capitalize on this market rent growth. Lindenwood’s competitive set benefits from historically high occupancy levels due to the sub-markets ability to pull Tenant’s from inferior locations with fewer amenities. Lindenwood features a diversified tenant roster with American Executive Centers, Wave, Almirall, PQ Corporation, and Cataloupe, along with a balanced lease expiration schedule with a weighted average lease term of 4.5 years.