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965 Chesterbrook Boulevard

HSB Leases 41,700 Square Feet Office Space At 965 Chesterbrook Boulevard From Rubenstein Partners
LEASEDOffice

HSB Leases 41,700 Square Feet Office Space At 965 Chesterbrook Boulevard From Rubenstein Partners

965 Chesterbrook Boulevard

Building Size

41,700 SF

Asset Type

Office

Closing

Apr 7, 2026

AI

The property involved in this transaction is an office asset located at 965 Chesterbrook Boulevard in Chesterbrook, PA. The total square footage of the leased space is 41,700, situated within the Chesterbrook Campus, which is a 1.1 million-square-foot office complex owned by Rubenstein Partners.

Summary of transaction details:

HSB has relocated from nearby Radnor to lease the property. JLL, which manages leasing at the Chesterbrook Campus, was involved in this transaction, highlighting their role in the recent refinancing with a $127 million loan and capital improvements exceeding $50 million.

Players

Doug Newbert

JLL

Broker

2 deals

Broker
Rubenstein Partners
Rubenstein PartnersLandlord

Chesterbrook Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93