Pembroke Capital, a U.S. commercial real estate investment firm, has closed on the purchase of 200 N. Warner Road in King, a Class A office building in Prussia, Pennsylvania for $37.9 million.
Located in the Swedesford Road Corridor, the four-story building sits close to the King of Prussia Town Center, retailers and eateries. The property has tenants including ARCO Design, Gobalto and Echo Financial.
Pembroke Capital bought the 165,000-square-foot asset from a joint venture between Taconic Capital Advisors and Cohen Equities, which was represented by Newmark Knight Frank Philadelphia Capital Markets in the deal.
Previously, the asset underwent a $41.2 million capital upgrade, which resulted in a reimagined lobby, new common areas and restrooms, new windows, as well as two common area tenant conference rooms and a lobby grab n’ go bar.