MLP Ventures buys two more buildings in Renaissance Corporate Center for $41.8M

MLP Ventures has acquired two office buildings at Renaissance Park in King of Prussia for $41.8 million and plans to convert one into lab space.

MLP bought 2201 Renaissance Blvd., a 133,880-square-foot building on 15 acres, for $27.9 million, or $208 a square foot, and 2100 Renaissance Blvd., a 98,726-square-foot building on nine acres, for $13.9 million, or $140 a square foot. Jeff Mack of Newmark arranged the sale.

Equus Capital Partners was the seller and the transactions were done separately. The Newtown Square company bought the buildings in 2018 as part of a larger portfolio acquisition that involved seven properties.

Read the full article at: