March 8, 2016
Private real estate investment and advisory company GPX Realty Partners has concluded its strategic disposition program with the sale of the 376,000-square-foot Evolve IP Corporate Center, located at 989 Old Eagle School Rd. in Wayne, PA.
The entire disposition activity, involving five additional properties, netted the company approximately $120 million.
“After several years of challenging market conditions, we were pleased to realize strong returns for our investors through these asset sales, and we look forward to making future real estate investments in the Philadelphia region well into the future,” said Thomas J. Gravina, CEO and co-founder of GPX Realty Partners.