Silverang Hallowell
acquired 2060 Detwiler Road, the former manufacturing
facility of the worlds largest ball bearing producer,
and is converting the empty facility into a new, state-of-the-art
Class -“A” office
complex. The 132,000 square foot building, which
sits on 16 acres in Montgomery County, is visible from
and has easy access to the Northeast Extension of the
Pennsylvania Turnpike. New offices will feature
energy efficient HVAC, electric and plumbing systems,
as well as a new energy efficient exterior façade.
New safety and communications systems are also being
installed to facilitate the needs of tenant businesses.
The building has seven main entrances; parking for five
cars per 1,000 square feet of usable space; and sits
on a professionally landscaped site. Silverang
Hallowell’s
ability to provide turn-key renovation services - from
financing the project to managing its renovations - attracts
new businesses looking for top-quality custom office
space, ultimately creating value for the community in
new tax revenue and jobs.
» NFL
Films Building
The former NFL Films Building, located
in the heart of the East Gate Industrial Complex in Southern
New Jersey, features 82,740 square feet of usable space.
Silverang Hallowell initially acquired the building with
the intent to renovate the formerly industrial space
into Class “A” office
space and lease the newly finished offices to third party
tenants. The property was ultimately sold to Liberty
Property Trust at a profit to our partnership and investors.
» 370 Reed Road
Our partnership
acquired this 66,259 square foot building in Broomall,
PA with the intent to reposition the former Class “B” office
space as an attractive office location for Delaware
County businesses. Following the purchase of
the building, we performed an extensive capital improvement
program, which lead to dramatic increases in building
occupancy over the last 18 months. Fourteen months
after acquiring the building, the Partnership refinanced
the building, returning to investors 60% of initial
equity invested. The property is currently held
as a cash-flowing asset, paying a preferred return
in excess of 10% while it amortizes the debt and continues
to appreciate in value.
