Environmental Standards HQ Sells for $7M
- Jan 12, 2018
A private investor has sold Environmental Standards Inc.’s headquarters in Phoenixtown, Pa., for $6.7 million. The property, offering 30,588 square feet of office space across two stories, was constructed as a build-to-suit for the tenant in 1994 and in 2013 expanded by 10,000 square feet to its current size.
The single-tenant building is located on 5.1 acres at 1140 Valley Forge Road, in the midst of a residential area. Environmental Standards’ headquarters is situated along Route 23, which provides access to a number of retail options such as King of Prussia. Two restaurants, a dentist office and a hair salon are located on the adjacent parcels. Philadelphia can be reached via Interstate 76, five miles south of the property.
An HFF team of Brett Segal and Doug Rodio represented the seller in the transaction. Segal and Rodio also worked on behalf of the owner in the disposal of a large New Jersey office portfolio.
Image courtesy of HFF