Tuesday, November 24, 2015

Vanguard plans $55M office at Great Valley

Liberty Property starts work next month

Vanguard plans $55M office at Great Valley


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 interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

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