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GREAT VALLEY COMMERCE CENTER

Summary: 356,233 square feet
Year Renovated: 2009-2010

Opportunity
Great Valley Commerce Center is a 33.5 acre two building Office and Technology Center located in Malvern, PA in the Great Valley Corporate Center.  The building served as a training center for Unisys Corporation for many years.  Unisys had previously sold the building to a net leased investor.  When the Unisys leaseback was nearing the end of term the owner elected to dispose of this building and a partnership involving Exeter Property Group, LP and Endeavor was formed to undertake the complete renovation and re-positioning that essentially transformed the buildings into a Class “A” office complex aptly named as the Great Valley Commerce Center.
 
Resolution
Endeavor, in partnership with Exeter Property Group, worked closely with the local civic community and municipality to create a first class office complex. Located within the Great Valley Office Park, Great Valley Commerce Center (“GVCC”) offered similar benefits to its surrounding first class office buildings, however at a lower cost of occupancy.
Great Valley Commerce Center offers the following amenities;
    -New Town Center Atrium café and restaurant
    -On Site Public Transportation: SEPTA Bus Route 206
    -New fitness center on site
    -On site walking trail
    -Adjacent to Great Valley Corporate Center Amenities including:
        -The Desmond Hotel
        -Baxter’s Restaurant
        -The Shops at Great Valley

The Great Valley Commerce Center is strategically located at the gateway to the Great Valley Corporate Center on Route 202 at the Great Valley Exit.
Benefit
The partnership was successful in a complete transformation of a well-located class C office complex into a Class A office park which is now completed and occupied.  Through the re-positioning of the outdated dysfunctional office campus our partnership was able to recycle and deliver class A office space without having to take open land.
The building was reassessed as a first class office campus and the township & county’s tax base grew as a result of the reassessment.