Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Work on Newest Vanguard “Ship” Starts in March Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, February 8, 2013

Work on Newest Vanguard “Ship” Starts in March

Reported by Tommy Fernandez

Work will begin in March for the latest expansion of Vanguard’s [profile] Malvern fleet of office buildings, each of which is named after a ship in Lord Nelson’s fleet during the Battle of the Nile.

Liberty Property Trust announced that it will develop the 200,000 square foot, six-story office building for Vanguard at Liberty’s Great Valley Corporate Center in Malvern, PA, with total project estimated to cost $55 million. Construction is expected to begin in March of this year, with completion in mid-2014. Vanguard has signed a long-term lease, and was represented by Ron Cariola and Mike Morrone of Jones Lang LaSalle .

The building was reportedly designed by D2CA Architects to achieve LEED certification. Studio Bryan Hanes is the landscape architect, and Bala Consulting Engineers is the project engineer.

Stories about the planned new building broke in October 2012, soon after Vanguard acquired a $40 million complex to help the fund giant accommodate more growth.

The press release is below:


Company Press Release

Great Valley Corporate Center To Expand With 200,000 Square Foot Office Project

3 Quarry Ridge 100% pre-leased to The Vanguard Group

MALVERN, Pa., Feb. 1, 2013 /PRNewswire/ -- Liberty Property Trust today announced that it will develop a 200,000 square foot, six-story office building for The Vanguard Group at Great Valley Corporate Center in Malvern, PA. The total project cost is estimated at $55 million. Construction is expected to begin in March of this year, with completion in mid-2014. Vanguard has signed a long-term lease, and was represented by Ron Cariola and Mike Morrone of Jones Lang LaSalle .

The building was designed by D2CA Architects to achieve LEED certification. Studio Bryan Hanes is the landscape architect, and Bala Consulting Engineers is the project engineer.

"Now in its 41st year, Great Valley Corporate Center is one of nation's leading business parks and a major employment center for Greater Philadelphia," said Tom Sklow , vice president and city manager for Liberty. "The park continues to evolve and grow, and just last month became even more accessible with new connections to the Pennsylvania Turnpike."

Liberty began development of Great Valley Corporate Center in 1972. Today companies in the corporate center and surrounding subsequent developments employ approximately 25,000 people.

About Liberty Property Trust

Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 81 million square foot portfolio includes 680 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants. For more information visit www.libertyproperty.com.
 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use