Newmark Smith Mack is pleased to announce that the brokerage team of Jeff Mack, Beth Maggitti and Paul Jappe have been appointed the exclusive listing agents for a nine building, 358,243 square foot portfolio, including a 32.4 acre site for build-to-suit, by O’Neill Properties Group, L.P.
The strong business relationship between O’Neill Properties Group and Newmark Smith Mack over the past decades has joined once again to provide a best in class, full service solution for tenants and users needs within the Greater Philadelphia Region. The hands-on team was assembled with key players in the commercial real estate industry (ownership, property management and leasing) with a combination of extraordinary skills to produce customized solutions to meet the needs of any type of user within the marketplace.
“We’re very excited to have the opportunity to represent O’Neill Properties Group’s nine building portfolio, and look forward to continuing our professional relationship for many years to come” commented Jeff Mack, partner of Newmark Smith Mack.
The portfolio includes the following Valley Forge properties: 800 Adams Avenue, a three-story, 65,558 square foot Class A office building; 970 Rittenhouse Road, a single-story, 65,229 square foot flex/office building; and the Riverview Corporate Campus which contains 39 acres of land that can accommodate up to 900,000 square feet of Class A Office Buildings, as well as the existing historical Lubin Studio Series, a one-of-a-kind, five building corporate campus totaling 52,129 square feet, located at 1400 South Trooper Road. Riverview Corporate Campus is located in the only tax free KOEZ zone in the Valley Forge submarket, through 2020. A significant state and local tax abatement as well as lower occupancy costs offers additional savings for owners, corporations and employees.
The portfolio also includes two Class A office buildings in King of Prussia, totaling 175,327 square feet. These properties are The Merion Building, located at 700 South Henderson Road, a three-story, 73,327 square foot Class A building offering medical and office space, and 211 S. Gulph Road, a 102,000 square foot Class A single-story, state-of-the-art office building.
About Newmark Smith Mack
Newmark Smith Mack (NewmarkSM) is a partner with one of the largest independent real estate service firms in the world, operating from over 200 offices in established and emerging property markets on six continents. Our local presence in Center City Philadelphia, Suburban Philadelphia, Wilmington, Delaware and Southern New Jersey, has secured us a leading position in the Greater Philadelphia region’s commercial real estate market for over 26 years through our commitment to service excellence. With multi-disciplined competency in Tenant Brokerage, Ownership Representation, Investment Sales, Corporate Advisory Services, Property Management, Market Research and Lease Administration, NewmarkSM discovers, develops, and implements full service solutions. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For complete information on NewmarkSM, visit www.NewmarkKFSM.com
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 200 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $32 billion with annual revenues of over $811 million. With a combined staff of more than 6,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.
About O’Neill Properties Group, L.P.
Founded in 1988 by J. Brian O’Neill, O’Neill Properties Group is the region’s leading, privately-owned, real estate development company specializing in Brownfield redevelopment. With over $4B in projects under development and over 16 million square feet developed, O’Neill Properties Group is a “Recycler and Revitalizer” of communities, transforming underutilized industrial sites into high-quality, ‘Class A’ commercial space, retail and luxury multifamily “live, work, and play” communities. O’Neill is dedicated to creating user-friendly, aesthetically pleasing environments - at a lower cost than the competition. “Green” development is a natural progression from Brownfield remediation - O’Neill recently obtained Silver LEED certification at Horizon Corporate Center, a 203,000 square foot class A office building located in Bucks County, Pennsylvania.