Vanguard plans $55M office at Great Valley
Liberty Property starts work next month
Vanguard plans $55M office at Great Valley
Joseph N. DiStefano
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.
Work will start in March and will "finish in mid-2012". Huh? Where are the editors?— aviator- No body knows aviator, where are the people paying for reading this story for free? Maybe if they weren't cheapskates, they would get the upscale yuppie service so lacking in your choice of reading material. You want editing, go pay for it.
- Finish when? Try again.— Intelligence2008
- What about those plans to build offices in Downingtown. Any progress on that front?— warrenholly
- They are making too much money...— Friend to All
- $55 million adds up to a lot of management and service fees charged to fund investors. No wonder little guy's accounts never seem to grow much, even in good market years.— uppdben
- Would rather see profits returned to all of us invested in their funds. The group in charge of my government 403b plan subtracts whatever fee they charge on a quarterly basis for everyone to see. Why can't we make all of these mutual fund companies do the same?— meteo30
