NEW JERSEY—Princeton, N.J.-based Chambers Street Properties has closed on the acquisition of 1400 Atwater Drive, two five-story, class A office properties totaling 300,000 sq. ft. in Malvern, Pa. The acquisition marks the first Philadelphia-area purchase for the company.
Developed by Chambers Street in a joint venture with Trammell Crow Co., the two, 150,000-sq.-ft. buildings are leased to Endo Health Solutions, a specialty healthcare solutions company.
“We are delighted to deliver 1400 Atwater Drive for occupancy by our tenant and complete the process of adding this Class A property to our expanding portfolio,” said Philip L. Kianka, EVP and COO, Chambers Street Properties.
Connected by a two-story glass atrium, 1400 Atwater Drive offers amenities including cafeteria, fitness center and conference center. Situated on 15 acres, the site overlooks Atwater Lake and is in close proximity to Interstate 76.