Provco Devon II, LLC. has purchased a prominent main line office building in Devon, Pennsylvania for $4.1 million. Located at 92 Lancaster Avenue, the 25,000 square-foot building traded for $164 per square foot. At the time of the sale, the property was 62 percent leased to Raymond James & Associates and Long & Foster Real Estate. The building is zoned for commercial use, which permits a wide variety of functions such as retail, office and medical. Rob Shirley of Della Porta Real Estate represented the buyer while the seller, Devon Land Holdings, was represented by Newmark Grubb Knight Frank’s Neil Shupak, Justin Bell and Mike Maloney.
