Embracing Flexible Work Arrangements, QVC’s Parent Sells One of Its West Chester Buildings for $17.5 Million

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QVC Studio West Chester
Image via QVC.

With a need to reduce space, Qurate Retail Group, the parent company of QVC, has sold a West Chester building for $17.5 million, writes Natalie Kostelni for the Philadelphia Business Journal.

The company, which is embracing a flexible work arrangement going forward, has sold the five parcels that comprise the property at 1365 Enterprise Drive. The purchaser is Parsons 1365 LLC, an entity affiliated with Communications Test Design. The property has a 256,500-square-foot office building and associated parking.

The new owner of the building is located next to the acquired parcel at 1373 Enterprise Drive.

Qurate will continue to operate from the 720,000-square-foot Studio Park at 1200 Wilson Drive. It is also home to the QVC studios.

Qurate’s shift to integrating virtual slots with its regular programming reduces its required footprint. As a result, the company is melding all its West Chester operations into the Studio Park building.

The company said the sale will not result in a reduction of employees.

Read more about the sale in the Philadelphia Business Journal.

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