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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Lease Date: 04/07/2026
- Landlord: Rubenstein Partners
- Tenant: HSB
- Market: Chesterbrook, PA
- Brokers: Mike MacCrory, Doug Newbert & Whitney Hunter - JLL
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
Chesterbrook Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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