January 21, 2022 – Edgecap Partners LLC, an affiliate of Edgewater Group LLC (“Edgewater”) is pleased to announce the acquisition of an office building in Paoli, PA by 30 Darby LLC (“30 Darby”). This is now the second office building that Edgewater has acquired in Paoli. This purchase enables Edgecap Partners LLC and its affiliated companies (“Edgewater”) to further expand and grow its presence in the Pennsylvania market. Meridian Bank was the lender for this acquisition.
The building is in close proximity to Paoli Town Center LLC, a property also managed by Sunbelt Asset Management LLC, an Edgewater affiliate. It is across the street from the Paoli Amtrak Train Station. The building was formerly occupied by a Medi Spa and will lend itself to many future uses including, but not limited to medical, legal or other professional uses. 30 Darby has retained the renowned full service architectural firm Architetra p.c. for its buildout design. 30 Darby has also retained the services of Tri State Commercial Real Estate for the exclusive leasing of the asset. Upcoming renovations are planned to add an elevator vestibule to access all three stories of the building.
Founded in 2008, Edgewater is a boutique multidisciplinary real estate Firm that provides advisory, management and value-add investment services. Edgewater’s unique focus is on the micro and middle market segments in secondary and tertiary locations in the United States.