FLD Group of Eatontown, NJ, and the Adjmi family of New York have purchased the Plymouth Meeting Executive Campus from Brandywine Realty Trust for $65.5 million. The five-building, 521,288-square-foot Class A office complex sold at $126 per square foot, a notable discount from early 2023 estimates of over $100 million.
This acquisition follows the partnership’s $185 million purchase of the Bala Plaza complex last year. Unlike Bala Plaza, which is set for major redevelopment, the new owners have no plans to redevelop Plymouth Meeting Executive Campus, which was 77% occupied at the time of sale.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.
