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.