Liberty Property Trust has announced plans to develop a brand new 200,000-square-foot, six-story office building for The Vanguard Group. The property will be located in the Great Valley Corporate Center in Malvern, PA
Construction is expected to begin in March, with an anticipated completion date in mid-2014. Total cost for the project is estimated to come in around $55 million.
D2CA Architects lent its expertise to the project, designed to achieve LEED certification. Studio Bryan Hanes came on as landscape architect, and the project engineer is Bala Consulting Engineers.
Liberty began development of GVCC in 1972. Companies in and around the park today employ nearly 25,000 people.
"Now in its 41st year, Great Valley Corporate Center is one of nation’s leading business parks and a major employment center for Greater Philadelphia," said Tom Sklow, vice president and city manager for Liberty. "The park continues to evolve and grow, and just last month became even more accessible with new connections to the Pennsylvania Turnpike."
Vanguard has signed a long-term lease at the park for the entire 200,000-square-foot property, commencing upon completion of the new building.
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