HFF announces $47M sale of Vertex’s corporate headquarters in suburban Philadelphia
PHILADELPHIA, PA – January 16, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $47 million sale of 2301 Renaissance Boulevard, a 189,502-square-foot, Class A office building that serves as the international corporate headquarters of Vertex, Inc. in King of Prussia, Pennsylvania.
The HFF team represented the seller, Liberty Property Trust, and procured the buyer, M&H Properties.
2301 Renaissance Boulevard is situated on 15.5 acres within the 200-acre Renaissance Park corporate campus in King of Prussia. This location is less than three miles to downtown Conshohocken, Radnor and the King of Prussia Mall and is a 30- to 40-minute drive from both Center City Philadelphia and Philadelphia International Airport. Completed in 2002, the Class A property is home to Vertex’s corporate headquarters and features 957 parking spaces, a state-of-the-art conferencing center, first floor locker rooms with showers, multiple break-out hubs per floor and a café with a living wall.
The HFF investment advisory team representing the seller included managing director Brett Segal and senior managing director Doug Rodio.
About Liberty Property Trust
Liberty Property Trust (NYSE: LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 100 million-square-foot portfolio includes 566 properties, which provide office, distribution and light manufacturing facilities to 1,200 tenants.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.