David Werner Real Estate Investments Acquires 1.9M SF Life Sciences Campus In Collegeville For $180M

A 1.9 million-square-foot life sciences and office campus located at 400 & 500 Arcola Road in Collegeville, Pennsylvania has been acquired by David Werner Real Estate Investments from Pfizer for approximately $180 million. The transaction was funded by a $95 million fixed-rate CMBS loan from Starwood Mortgage Capital and BMO Capital Markets.

Summary of transaction details

• Property Type: Life Sciences
• Transaction Amount: $180,000,000
• Address: 400 & 500 Arcola Road
• Market: Collegeville, Pennsylvania

The acquisition loan was arranged by Iron Hound Management, with brokers Robert Verrone, Christopher Herron, and Anthony D'Amelio representing the buyer. The lender of the loan were Starwood Mortgage Capital and BMO Capital Markets. The seller in this transaction was Pfizer.