Equus Capital Partners Ltd. has sold 45 Liberty Blvd., a three-story, 136,977-square-foot office property in Malvern, for $36.3 million.
FLD Group, a real estate company from Lakewood, New Jersey, bought the property that was 95% occupied and Microsoft Corp. is an anchor tenant. This is the second building FLD has purchased in the Great Valley Corporate Center. In 2019, it bought 100 Deerfield Lane, a 91,190-square-foot office building, for $15.5 million.
The building at 45 Liberty was built in 1999 and Equus bought it in 2018 as part of a larger, seven-building portfolio it acquired from Liberty Property Trust for $92 million. The Newtown Square real estate company undertook $4.1 million in upgrades to the building including to the common areas, lobby, restrooms among others.
Jerry Kranzel and Doug Rodio of CBRE Inc. represented Equus in the transaction.
