Pruthi Properties has acquired 1600 Manor Drive, a 52,622-square-foot office and surgical center in the New Britain Corporate Center in Chalfont, Pennsylvania, for $12 million. The property combines traditional office space with medical and surgical facilities, positioning it within the healthcare-oriented segment of the office market.
The seller, an affiliate of Equus Capital Partners, Ltd., was represented by CBRE’s National Office Partners team. Doug Rodio, Jerome Kranzel and Bruer Kershner led the assignment for CBRE, marketing the asset and arranging the transaction on behalf of the Equus affiliate. The sale underscores continued investor appetite for stabilized, income-producing office properties with specialized medical use in established suburban business parks.
In conjunction with the sale, Rodio noted that CBRE is observing significantly greater interest from both local and national capital sources, including buyers and lenders, targeting high-quality, well-located office assets that have demonstrated consistent leasing demand. That trend reflects a focus by capital providers on properties with durable tenant rosters and proven occupancy performance, even as broader office fundamentals remain mixed in many markets.
Located just off County Line Road, 1600 Manor Drive offers direct connectivity to several major regional thoroughfares, including U.S. Routes 202 and 309. This roadway access links the asset to surrounding residential communities, employment centers and healthcare demand drivers across the broader region, enhancing its appeal for both office and medical users.
The property also benefits from proximity to nearby retail amenities. It is close to New Britain Village Square, a shopping center anchored by a 61,000-square-foot Giant Food supermarket. This retail node provides daily-needs shopping and services that support employees, patients and visitors to the office and surgical center, contributing to the location’s attractiveness for tenants.
The transaction at New Britain Corporate Center highlights ongoing capital flows into medical and surgical office product in suburban locations with strong transportation access and established amenity bases. For both institutional sellers and private buyers, deals of this type continue to offer a way to reposition portfolios and deploy capital into assets that demonstrate stable leasing dynamics and defensible locations.
