Time Equities Inc. Acquires Lindenwood Corporate Center In Malvern Pennsylvania For $23.1M

The property asset involved in the transaction is located at 100-301 Lindenwood Drive, Malvern, PA. It is an office asset that consists of five buildings and encompasses a total square footage of 280,025 square feet. The sale price for the property was $23,100,000, translating to a price per square foot of $82. The office complex is currently 73% leased to various tenants, including Great Valley School District and Worthington Armstrong Venture.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $23,100,000
• Buyer: Time Equities Inc.
• Seller: Bridge Investment Group
• Market: Malvern, PA
• Square Footage: 280,025
• Price Per Square Foot: $82

Time Equities Inc. acquired the Lindenwood Corporate Center from Bridge Investment Group, who previously purchased the property for $39.6 million in 2021. This transaction highlights the ongoing activity within the office market sector in the Malvern area.