Updated Oct 12, 2026
Vitrian Acquires Life Sciences Portfolio In Malvern Pennsylvania For $70 Million From Warren Avenue Investors And Ares Management
350 Technology Drive, 280 Great Valley Parkway, 2 Spring Mill Drive & 30 Spring Mill Drive
$70,000,000
$59/SF
Building Size
294,611 SF
Asset Type
Life Sciences
Closing
Oct 6, 2026
About this deal
AI
A life sciences and flex portfolio has been sold for $70 million, encompassing four buildings at 350 Technology Drive, 280 Great Valley Parkway, 383 Phoenixville Pike, and 2-30 Spring Mill Drive, in Malvern, Pennsylvania. The total square footage of the portfolio is 294,611, with a price per square foot of $238. The property is currently leased up to 92%, with notable tenants including Johnson & Johnson and Charles River Laboratories.
Summary of transaction details:
- Property Type: Life Sciences
- Transaction Amount: $70,000,000
- Buyer: Vitrian
- Seller: Warren Avenue Investors & Ares Management
- Broker: CBRE
This acquisition marks Vitrian's first investment in Pennsylvania, indicating a strategic expansion into the state. The deal involved collaboration between multiple parties, with Warren Avenue Investors and Ares Management as the selling entities, while CBRE facilitated the transaction.
On the Map
$70,000,000
$59/SF
Life Sciences
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93