David Werner Real Estate Investments Acquires Pfizer's Life Sciences Campus In Collegeville, PA For $180M

The property involved in this transaction is a life sciences and office campus located at 400 & 500 Arcola Road in Collegeville, Pennsylvania. The asset spans nearly 2,000,000 square feet and was acquired for a sale price of $180,000,000, translating to a price per square foot of $90. The property was previously owned by Pfizer and is currently fully leased to tenants Dow Chemical and Wyeth.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $180,000,000
• Address: 400 & 500 Arcola Road
• Market: Collegeville, Pennsylvania
• Square Footage: 2,000,000
• Price Per Square Foot: $90
• Buyer: David Werner Real Estate Investments - David Werner
• Seller: Pfizer

David Werner, a real estate investor, has expanded his portfolio through this acquisition, which includes properties such as Pfizer's Midtown East headquarters, showcasing his strategic investment approach in the life sciences sector.