SSH Real Estate Wins Devon Square Assignment

SSH Real Estate has been retained by Keystone Property Group as exclusive leasing agent for Devon Square, a two-building, 140,000 square foot Class A corporate campus centrally located on the prestigious Main Line in Wayne, PA.

SSH Real Estate Partners Doug Newbert and John Susanin of the firm's Radnor office are heading the assignment.

"With its first class management, recently renovated systems, and desirable location on Philadelphia's Main Line, Devon Square sets the standard for a Class A corporate campus in the Greater Philadelphia Region," Susanin said. The campus consists of 1 Devon Square at 724 West Lancaster Avenue, 73,267 square feet, and 2 Devon Square at 744 West Lancaster Avenue, 63,226 square feet. In 2006, Keystone Property Group committed over $6 million dollars to significantly upgrade the entire property. Renovations include attractive new glass curtain walls, low E-windows, upgraded lobbies with granite flooring, remodeled common areas, lush landscaping, a dramatic vehicular entrance and new state-of-the-art HVAC systems.

Prominently located along Lancaster Avenue in the Upper Main Line submarket, Devon Square offers abundant surface parking and features easy access to Routes 476, 202, 76 and the PA Turnpike. The campus is also convenient to Septa's R5 Regional Rail, and is adjacent to the area's Marriott Courtyard and PNC Bank branch. Devon Square's professional and responsive management are diligent in immaculately maintaining the buildings and grounds.

In terms of availabilities at the two office buildings, "we can accommodate a variety of tenants, from corporate to medical users," Newbert said.

About Keystone Property Group
Keystone Property Group acquires, develops, and manages commercial real estate in the office, flex and industrial sectors. As a vertically integrated real estate organization, Keystone manages private equity funds which invest in opportunistic real estate projects that are well located, but underperforming, undercapitalized, and/or functionally obsolete. Keystone applies a focused, strategic investment plan to each opportunity, which in turn drives its success in delivering superior value to all stakeholders. For more information, visit www.keystonepropertygroup.com.

About SSH Real Estate
With offices in Center City and Suburban Philadelphia, SSH Real Estate is one of the largest privately held commercial real estate companies in the Greater Philadelphia Region. Complementing its longstanding brokerage and advisory service, the firm's property management division, SSH Management LLC, manages over 6 million square feet of commercial property in the Philadelphia region, and SSH Investments, the company's investment division, currently owns approximately 2.3 million square feet of office buildings in Philadelphia and Washington, D.C. For further information, visit www.sshrealestate.com.

 

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