Beacon Commercial Real Estate LLC announced on Friday the sale of the Elm Street Square building located at 375 East Elm Street in Conshohocken. Elm Street Square is a two story office building with elevator service situated on two acres. There is currently one suite available which is comprised of 9,062 square feet and can be subdivided. The building was constructed in 2001 and boasts updated interior décor as well as extensive parking, which serves the building. This property is located equidistant to the Spring Mill and the Conshohocken Train Stations, is adjacent to the Schulykill River Trail, and across the street from the not-yet-opened new restaurant from Pieri Restaurant Group (in the former Isabella space).
Gene McHale and Colin McHale with Beacon Commercial Real Estate, LLC along with Charlene Tucker of Interland Real Estate Corporation represented both the Seller, Elm Street Square, LP and the Buyer, HP Milltown, LLC in the transaction. HP Milltown, LLC is an affiliate of Haverford Properties. Beacon Commercial Real Estate, LLC has retained the exclusive listing agreement and has been awarded the property management contract for this property.
According to the press release, “Elm Street Square contains 31,600 gross square feet of commercial office space and is located in the highly desirable Conshohocken market. The site is within close proximity to Interstate 76, Interstate 476, the Pennsylvania Turnpike. This building is within walking distance of many restaurants and retail businesses within Conshohocken. The parking ratio for this property is more than 4.2/1,000 SF which makes this a highly desirable location”.