NGKF Capital Markets has been exclusively retained to sell 1400 Atwater Drive in Malvern, Pennsylvania, a five-story, 300,000-square-foot property located in one of suburban Philadelphia’s most accessible and desirable locations. The NGKF Capital Markets team comprising Mike Margolis, Dave Dolan and Brett Segal along with area expert, Jeff Mack are marketing the property.
1400 Atwater was built in 2013 as a build-to-suit for Endo Pharmaceuticals’ North American Headquarters and is designed to LEED Silver standards. Endo Pharmaceuticals is a global specialty pharmaceutical company with over $3.2 billion in revenue in 2015. Endo develops, manufactures, markets and distributes quality branded and generic pharmaceutical products as well as over-the-counter medications. They are the fourth largest generic drug manufacturer in the world. Although the company’s global headquarters is legally located in Dublin, Ireland, the company’s c-suite, including its President and CEO, are located at 1400 Atwater Drive.
The property is strategically located along Route 29 in Malvern with immediate access to I-76 (Pennsylvania Turnpike) via a newly constructed slip ramp into the Atwater community, and is just two miles north of Route 202.
1400 Atwater sits directly in the center of Atwater, a 300-acre mixed-use development consisting of 750,000+ square feet of office space, 326 apartment units, 549 townhomes, a 150-room hotel and 100,000 square feet of retail space featuring Bryn + Dane’s, Naf Naf Grill and Wawa, with a lake in the middle that provides excellent views.
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.