CBRE Group, Inc. (CBRE) is pleased to announce that it has arranged the sale of the Class A Triad office building in King of Prussia, Pennsylvania for a purchase price of $30,200,000. The four-story, 184,118 square-foot property, located at 2200 Renaissance Blvd., was acquired by Zamir Equities, LLC.

Robert Fahey, Jerry Kranzel and Erin Hannan of CBRE Capital Markets’ Institutional Properties team represented the seller, Kairos Real Estate Partners, LLC during the transaction.

“Triad was pursued by a series of local and regional investors,” said Fahey. “They were attracted to the first-class renovation completed by the Kairos team, the strong tenant roster, long-term leases and durable in-place cash flow that Triad had to offer.”

Built in 1985, the Triad building underwent extensive renovations in 2014, including the addition of a café, conference center and a state-of-the-art fitness center. The lobbies and common areas were also redesigned and upgraded during the renovations.

The building is currently 96 percent leased with tenants including Liberty Mutual Insurance Co., ASI Business Solutions and Telerx Marketing, among others.

CBRE’s Steven Doherty and Nick Harris of the Debt & Structured Finance group secured the acquisition loan on behalf of the purchaser for an undisclosed amount.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.