FINANCED
David Werner Real Estate Investments Acquires 1.9M SF Life Sciences Campus In Collegeville For $180M
400 & 500 Arcola Road
Life Sciences
1,900,000 SF
1,900,000 SF
Financed 259 days ago
Summary
Loan
PENNSYLVANIA
Life Sciences
1,900,000 sqft
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.
Players
Details
FINANCED
IMAGE: Robert Verrone, Christopher Herron & Anthony D’Amelio
DATE: 08/16/2023
ADDRESS: 400 & 500 Arcola Road
MARKET: Collegeville, Pennsylvania
ASSET TYPE: Life Sciences ~ SF: 1,900,000
LENDER: Starwood Mortgage Capital & BMO Capital Markets (@BMOCapitalMarkets)
LANDLORD: David Werner Real Estate Investments
BROKERS: Robert Verrone (@Rv600), Christopher Herron & Anthony D’Amelio (@Damelioant) - Iron Hound Management (@IronHound.Mgmt)
SELLER: Pfizer (@PfizerInc)
LOAN AMOUNT: $95,000,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: fixed-rate
NOTE: David Werner Real Estate Investments has acquired a 1.9 million-square-foot life sciences and office campus in Collegeville, PA, from Pfizer for approximately $180 million. The purchase was funded by a $95 million fixed-rate CMBS loan from Starwood Mortgage Capital and BMO Capital Markets.View on map
Loading...
Address400 & 500 Arcola Road
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want