MALVERN, Pennsylvania – November 16, 2018 – Soor Capital completed the acquisition of a premium office portfolio fully leased to The Vanguard Group, Inc. The four-building portfolio was acquired from Liberty Property Trust for $173.1 million.
Strategic Asset Portfolio
The acquired portfolio consists of four institutional-quality office buildings totaling 568,658 square feet, strategically located within one mile of Vanguard's global corporate headquarters in Malvern, Pennsylvania:
- 425 Old Morehall Road – 201,658 sq ft
- 1001 Cedar Hollow Road – 133,000 sq ft
- 60 Morehall Road – 117,000 sq ft
- 50 Morehall Road – 117,000 sq ft
All properties are situated within the prestigious Great Valley Corporate Center, a master-planned business community that serves as home to major corporations including Microsoft, Johnson & Johnson, Siemens, and Unisys.
Exceptional Tenant Profile
The Vanguard Group, founded in 1975 and headquartered in Malvern, is the world's second-largest investment management company with over $5 trillion in assets under management globally. The company serves more than 20 million investors across approximately 170 countries and employs 16,600 people worldwide.
"This acquisition represents a strategic investment with one of the world's most respected financial services companies," said a spokesperson for Soor Capital. "Vanguard's long-term commitment to these properties, combined with their proximity to the company's global headquarters, creates an exceptional investment opportunity."
Investment Highlights
The portfolio offers compelling investment characteristics:
- 100% occupied by The Vanguard Group on long-term triple net leases
- Prime location within one mile of Vanguard's corporate headquarters
- Mission-critical facilities housing Vanguard's IT and Investment Management operations
- World-class credit tenant with exceptional financial strength
- Stable cash flow profile with built-in rent escalations
Market Position
Located approximately 27 miles northwest of Philadelphia's Central Business District, the portfolio benefits from excellent connectivity to major transportation corridors. The Great Valley Corporate Center represents one of the region's premier business addresses, offering a campus-like environment with extensive amenities.
Strategic Partnership
Arch Street Capital Advisors, L.L.C. served as property-level advisor for the transaction, bringing extensive experience in advising international investors on U.S. real estate strategies. Since 2003, Arch Street has advised on over $6 billion in transactions across multiple real estate sectors.
About Soor Capital
Soor Capital is a private equity real estate firm offering comprehensive investment services across the USA, UK, Europe, and GCC regions. The firm specializes in acquiring institutional-quality real estate assets with superior tenant profiles and prime market locations.
