The Davis Companies and MIM-Hayden Real Estate Funds are investing $16 million in base building renovations to completely redesign, reengineer and re-envision two existing buildings at 530 and 580 East Swedesford Road into 272,000 square feet of contiguous trophy-class office space in a park-like setting. The owners have named the transformed property “CrossPoint at Valley Forge”.
With immediate access to Routes 202 and 422, the Pennsylvania Turnpike, and the Schuylkill Expressway, CrossPoint is ideally positioned for discerning companies seeking a suburban headquarters building featuring innovative design, modern building systems and excellent visibility.
CrossPoint will boast a conference center, a 4,000 square foot fitness center and a full-service café. The redesign will include a new, expansive 9’ floor-to-ceiling window system and flexible floor plates allowing for as many as 20 corner offices per floor. The dramatic two-story, light-filled lobby will feature glass elevators and finishes using recycled and sustainable materials. The owners are pursuing LEED Gold Certification.
Jeff Mack, Partner at Newmark Smith Mack, the exclusive listing agent for the property explained, “CrossPoint’s best-in-class renovations, excellent visibility and its access to all the amenities of Wayne and King of Prussia make this transformation one of the most exciting new projects in the Suburban Philadelphia office market in years. The Davis Companies and MIM-Hayden Real Estate Funds are absolutely committed to repositioning this property as a trophy-class asset. They believe in doing it right.”
Construction will begin this fall. To learn more about CrossPoint at Valley Forge contact Jeff Mack, Adam Shute or Taylor King at 610.265.0600.
About The Davis Companies
Founded in 1976, The Davis Companies has earned a reputation for integrity, creativity and excellence making it one of the premier real estate investment, development and management firms in the Northeast U.S. The Company has applied a disciplined and value-oriented investment approach across multiple market cycles investing in over 100 properties representing over $2 billion in gross asset value. Today, The Davis Companies, together with its affiliates, owns and manages a real estate portfolio of approximately 6 million square feet. (www.TheDavisCompanies.com)
About MIM-Hayden Real Estate Funds
The MIM-Hayden Real Estate Funds are co-managed by Miller Investment Management and Hayden Real Estate Investments, LLC. MIM-Hayden acquires primarily high quality but underperforming office, industrial and mixed-use properties in the Mid-Atlantic region. Utilizing the well established reputation and deep experience of its managers, the Fund repositions, redevelops and enhances the value of these commercial real estate assets. The Fund’s geographic and portfolio focus, combined with its extensive network, have made it an industry leader in the region. (www.MIM-HaydenRealEstateFunds.com)
About Newmark Smith Mack
Newmark Smith Mack has an expansive reach as part of one of the largest commercial real estate service firms in the U.S. Our local presence in Center City Philadelphia, Suburban Philadelphia, Wilmington, Delaware and Southern New Jersey, has secured our leading position in the Greater Philadelphia region’s commercial real estate market for over 27 years. With multi-disciplined competency in tenant brokerage, ownership representation, investment sales, corporate advisory services, property management, market research and lease administration, Newmark Smith Mack discovers, develops, and implements full service solutions. For complete information, visit www.NewmarkKFSM.com
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.