The acquisition marks a calculated move by the global investment firm to lock in high-quality assets with long-term stability. Mike Nathan, HGI’s Chief Investment Officer for Office, noted that the combination of a stable corporate tenant and the building’s prime location near the Pennsylvania Turnpike interchange made it a compelling addition to their holdings. The facility, originally built in 1979, underwent a comprehensive redevelopment in 2018 that introduced floor-to-ceiling glass and modernized infrastructure to meet current workplace standards.
In section Releases
Harbor Group International Secures King of Prussia Headquarters
With 12 years remaining on a secure lease, Harbor Group International has acquired 500 North Gulph Road, a 100,820-square-foot office building in King of Prussia, Pennsylvania. The five-story property serves as the corporate headquarters for UGI Corporation, anchoring a strategic expansion of HGI’s suburban office portfolio.
Positioned adjacent to the King of Prussia Town Center and near major regional arteries including Interstates 76 and 276, the site offers proximity to extensive retail and hospitality amenities. CBRE facilitated the transaction for HGI, which currently manages a diverse office portfolio ranging from trophy towers in Manhattan to suburban corporate hubs. This purchase aligns with the firm’s broader strategy of targeting well-located, amenitized properties across its equity and credit platforms.
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