NKF Capital Markets Retained to Sell Bay Colony in Wayne, PA

Wayne, PA (December 28, 2017) — Newmark Knight Frank (NKF) announced that it has been retained as the exclusive sales agent to market Bay Colony, a ± 250,000-square-foot, Class A, four-building office park located in one of suburban Philadelphia’s most desirable locations. The office park is 99 percent leased to a well-diversified rent roll with a weighted average lease term of nearly six years. The NKF Capital Markets Philadelphia team, including Mike Margolis, Dave Dolan and Dave Garonzik, as well as local market experts Jeff Mack and Adam Shute, will be marketing the building.

The Swedesford Road Class A office market has been one of the highest performing corridors in the entire suburban Philadelphia area. The proximity to an abundant amenity base, unique and favorable tax structure, excellent vehicular access to four of the most traversed thoroughfares in the Philadelphia region, and one of the highest concentrations of wealth and talent in the Philadelphia MSA has fueled great demand for modern office space.

Read full article.


©2020 PACT All Rights Reserved