Stone Manor Corporate Center In Warrington Sells For $19.7M

Stone Manor Corporate Center, an office park in suburban Bucks County, has been sold by Cornerstone Real Estate Advisors for $19.7M.

JLL brokered the sale to Pembroke Hobson for the 121k SF complex, which is fully leased. The buildings occupy 2600 and 2700 Kelly Road in Warrington, three miles from Doylestown. The buildings are Class-A office, and they sold for $163 per SF.

The complex was initially built for $20M, and Bryn Mawr-based Pembroke Hobson added to its local portfolio after acquiring it from the Hartford-based Cornerstone.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Waymo Reportedly Planning 200K SF South Philly Warehouse

More Choice, Higher Expectations: How Occupier Demands Are Shaping The Office Market

Shallow-Bay Industrial Is In Demand But Hard To Build. Here's How One Philly Developer Made It Work

Skydance Eyes Real Estate Cuts, Consolidation In $6B Cost-Saving Push

AI Companies Distort London Office Rents As Low-Key 'Flight To Value' Emerges

Center City Developer Beefs Up 88-Unit Mixed-Use Plans: The Philadelphia Deal Sheet

D.C. Approves $275M For Downtown Conversion With Grocery Store

SEPTA CEO Wants To Increase Service, Says It Will Draw More Employers To Philly

Democrats' Sweep In Pennsylvania Expected To Boost Multifamily, Hinder Data Centers

27-Story Mag Mile Office Tower Slated For Foreclosure Auction

RXR Signs Investment Bank To 220K SF Lease In FiDi

220-Unit Mixed-Use Project Moves Forward Near Rowan University