Transactions - APRIL 6, 2020

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Artemis and partner sell renovated office in Greater Philadelphia

by Released

Kairos Real Estate Partners and Artemis Real Estate Partners have sold 518 Township Line Road, a recently renovated office building totaling 123,087 square feet in the Greater Philadelphia community of Blue Bell, Pa.

The new owner is Apex Financial Advisors. A sales price was not disclosed.

518 Township Line Road is located approximately 18 miles from Center City Philadelphia in the affluent Blue Bell submarket, which features an average household income of $143,776 within a one-mile radius of the property. The asset has excellent visibility and immediate access to many of Greater Philadelphia’s primary roadways, including Routes 202 and 73, Interstate 476, and the Pennsylvania Turnpike.

Built in 2001, 518 Township Line Road was completely modernized between 2017–2019 with the addition of a new lobby, conference center, grab n’ go vending, Fooda café, and a state-of-the-art fitness center with new locker rooms and showers. The upgrades led to more than 8

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