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Steve Meyer Leases 12,800 SF Office In Wayne As Tenant At CrossPoint Complex
LEASED
Pennsylvania
See Similar DealsOffice12,800 SF
Leased 06/21/2024
LEASED
Steve Meyer Leases 12,800 SF Office In Wayne As Tenant At CrossPoint Complex
550 East Swedesford Road
See Similar DealsOffice12,800 SF
Leased 06/21/2024
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:12,800 SF
Transaction Type:Lease
The leased property is a 12,800-square-foot office located at 550 East Swedesford Road in Wayne, PA. The office is part of the CrossPoint complex and serves as the new headquarters for PPR Capital Management. The space includes 41 desks, eight offices, multiple conference and huddle rooms, a boardroom, a phone room, and a podcast room.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Market: Wayne
- Landlord: Marc DeLuca - KBS Realty Advisors
- Tenant: Steve Meyer - PPR Capital Management
Steve Meyer from PPR Capital Management is the tenant who has leased the office space, while Marc DeLuca represents KBS Realty Advisors as the landlord in this transaction.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$733,688.28
Total Lease Value
$7,336,882.76
Net Landlord Cash Flow$733,688.28
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