Seyon Group Acquires Three Mixed-Use Buildings In King Of Prussia For $17.5M From MLP Ventures

Three mixed-use buildings located at 3600, 3602 & 3100 Horizon Drive in King of Prussia, PA, have been sold for $17,500,000. The properties total 100,456 square feet, resulting in a price per square foot of approximately $174. The sale includes the King of Prussia location of Conshohocken Brewing Co. and is part of Seyon Group's expansion in the Philadelphia area.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $17,500,000
• Buyer: Seyon Group
• Seller: MLP Ventures
• Square Feet: 100,456
• Price Per Square Foot: $174

Seyon Group acquired the properties from MLP Ventures, enhancing their existing portfolio of 18 properties totaling over 1 million square feet in the Philadelphia area. The deal involves significant vacancies in the acquired buildings.