GOING THE DISTANCE

If at first you don't succeed, try, try again. Endurance Real Estate Group's Benjamin Cohen has. And this time, he acquired two flex properties. Benjamin tells us that his recent purchase of Drew Court (a two warehouse/flex office complex, 147k SF property in King of Prussia that is fully leased to such tenants as Pinnacle Textile and Shingle Belting) was something he's had his eye on for awhile. “This is an asset we attempted to buy several years back,” he says. “Drew Court is a high-quality property with a multi-tenanted balance lease rollover in a premier location.” Endurance purchased the complex for $9.2M, or nearly $63/SF, from Ajax Drew Court Investors. CB Richard Ellis' Michael Hines, Robert Fahey, and Michael Blunt represented the seller.

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

After Departing Trump Admin, HUD's Former Philly Head Joins Local Planning Commission

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Developers Eyeing Dallas' 50-Mile Trails Loop For Uptown-Like Opportunities

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds

Olde Richmond Project Lands $20M Construction Loan: The Philadelphia Deal Sheet

To Rein In Costs, Philly Affordable Housing Players Look To Become 'Less Reliant On Consultants'

Chetrit Group 'Being Dissolved' As Family Turmoil Spirals

Shapiro Turns On Pennsylvania Data Centers With Restrictive Executive Order

Avison Young Plans Second Major Recapitalization Since 2024

Judge Approves $70M Sale Of Philly's Largest Office Complex

Kidder Mathews Establishes First Texas Office In DFW, Adds 6 New Brokers

EXCLUSIVE: Building On Former Denver Johnson & Wales Campus To Sell For $11M