Thursday, August 27, 2015

Vanguard plans $55M office at Great Valley

Liberty Property starts work next month

Vanguard plans $55M office at Great Valley

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Liberty Property Trust, Malvern, says it will build a 200,000 sq ft, 6-story office building at the 40-year-old Great Valley Corporate Center office campus for Vanguard Group, the mutual fund giant.

Project cost: $55 million. Work will start in March, to finish in mid-2014. D2CA Architects designed the building, Studio Brian Hanes designed the ground, Bala Consulting Engineers is project engineer. 

Vanguard, based in a nearby office complex on PA 29, has also considered the neighboring former Wyeth drug factory complex in East Whiteland and a farm on US 100 near the Pennsylvania Turnpike's Downingtown entrance as expansion sites. Vanguard was advised in the Great Valley deal by Jones Lang Lasalle's Ron Cariola and Mike Morrone.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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