We are pleased to announce the addition of Workspace Property Trust to our list of members!
Workspace Property Trust (WPT) is a privately held, full-service commercial real estate company specializing in the development, management, and operation of office and flex space in large metropolitan suburbs in six U.S. markets including Malvern, Exton, Wayne and Horsham in Philadelphia.
As part of their goals, WPT aims to provide their tenants with full-service, socially-responsible, and environmentally conscious office spaces, which is why WPT struck up a partnership with us.
“TMACC is an aggregate of transportation resources, information and insight,” said Tony Nichols, WPT Senior Vice President. “Partnering with them will improve Workspace Property Trust’s communications with our tenants and expand on our environmental efforts in office spaces.”
In 2016, WPT acquired 108 office and flex buildings, plus 26.7 acres of land in PA, MN, FL and AZ in a $969 million-dollar deal with Liberty Property Trust. This deal added to their preexisting 2.3 million square-feet, 41 building, portfolio in Horsham, PA; bringing their total to 149 buildings and 10 million square-feet of office and office-flex properties throughout the United States. The acquisition has put them at the forefront of suburban commercial real estate and positioned the company as a leading suburban landlord.
WPT joins a group of members comprised of over 120 corporations, universities, townships, elected officials and governmental agencies that work to improve traffic congestion and air quality in Chester County.