American Realty Capital Global Trust, Inc. acquired the Fort Washington Office Park at 1005 Virginia Dr. in Fort Washington, PA from Alliance HSP Ewing Office LLC for $13.4 million, or about $152 per square foot.
The two-story, 88,000-square-foot office property was built in 1965 in the Ft Washington / Spring House submarket of Montgomery County. The asset is fully leased to Kulicke & Soffa Industries on a triple-net lease through 2023.
The buyer funded the acquisition with proceeds from its ongoing public offering.
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