For the past few years, flex space has been in high demand in the suburban Philadelphia market.
Understanding that the pandemic only further tightened this market, Pillar Real Estate Advisors, which recently represented the seller of 11 Senn Drive in Chester Springs, knew that the 12,000-square-foot retail/flex building on 3.8 acres would attract significant interest from both investors and users.
Indeed, the property, with an unparalleled location a quarter-mile from the Exton interchange on the Pennsylvania Turnpike, sold before it was officially placed on the market.
“Our large pool of buyer clients, along with our close working relationship with the brokerage community, allow us to present properties to the right buyers immediately, often having them under agreement before our marketing team has produced the brochure and signage can be installed,” said Andrew Carlino of Pillar Real Estate Advisors.
Flex space offers businesses the type of versatility that has been coveted since the beginning of the pandemic. These types of properties are very attractive to an array of businesses because they can accommodate a variety of needs.
Flex space offers just that – flexibility for the configuration of the space. While a contractor may need only one basic office and a large warehouse, a kitchen design firm may look for a showroom; several high-end, finished offices; and smaller warehouse use. Flex space is traditionally located in zoning districts that allow for either configuration.
Pillar Real Estate Advisors is a full-service Commercial Real Estate Brokerage company based in West Chester that services the suburban Philadelphia markets of Chester County, Montgomery County, Berks County, and western Delaware County. Click here to learn more.