NGKF Capital Markets has successfully completed the sale of 300 Four Falls in West Conshohocken, Pennsylvania. The NGKF Capital Markets team comprising Mike Margolis, Taylor King, Dave Dolan and Brett Segal, along with area expert, Mike Maloney, represented the Tenants-in-Common Ownership Group in the $98.4 million sale to Maguire Hayden Real Estate Company, a fully integrated commercial real estate investment and operating firm that primarily acquires, repositions and manages office, industrial and flex properties in the Mid-Atlantic region.
300 Four Falls boasts an enviable West Conshohocken location with direct access from Route 23, which provides immediate back road access for both Philadelphia’s and the country’s most important decision makers who reside along Philadelphia’s historic Main Line. It also sits at the confluence of Suburban Philadelphia’s two most critical vehicular arteries, 1-76 and I-467. The property’s unparalleled location provides tenants with maximum access to both the area’s wealthiest residential communities as well as Conshohocken’s walkable, main street amenities.
300 Four Falls is a seven-story glass and granite tower sitting atop a six-story concrete parking deck. The 298,482-square-foot property is 97 percent occupied and is home to six corporate headquarters. Positioned at the highest elevation in West Conshohocken, 300 Four Falls provides tenants expansive views of the Schuylkill River banks and downtown Conshohocken.
The ownership group was represented by National Asset Services (NAS), a commercial real estate asset and property management company that works with over 90 investment groups in properties of a nationwide portfolio, valued at over $2 billion. For more information about NAS property management and asset management services, visit nasassets.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.