191 Sheree Boulevard
Office | 43,200 SqFt
Marketing description
CBRE, Inc. has been retained as the exclusive marketing advisor for the sale of 191 Sheree Boulevard, a two-story office building totaling 43,200 square feet located in Exton, Uwchlan Township, Chester County, Pennsylvania (the "Property"). The Property is situated within Stone Ridge Corporate Center, a premier suburban office park offering excellent access to Route 30, Route 100, and the Pennsylvania Turnpike (I-76).
191 Sheree Boulevard has served as the corporate headquarters of J.W. Pepper & Son, Inc. since the company acquired the Property in 2013. Ownership intends to vacate the Property at Closing, though a short-term leaseback of 12-18 months would be considered if preferred by the buyer. This presents a rare opportunity for an owner-user seeking to establish or relocate their headquarters in the Exton business corridor. The building is equally suited for conversion back to multi-tenant occupancy, offering investors the ability to capitalize on recovering suburban office demand.
Constructed in 2002, the two-story building features a modern brick-and-glass curtainwall facade with flexible floor plates - approximately 21,600 SF per floor. Inside, the property incorporates a high-quality, corporate office buildout with a balanced mix of private offices, open work areas, and dedicated conference space. The layout is complemented by upgraded lobby and reception areas, a multi-purpose/gym facility, and a dedicated marketing suite. Employee amenities include modernized restrooms with shower facilities and a wellness room, creating a highly functional and employee-friendly environment.
The Property's Planned Industrial-Commercial District (PIC) zoning permits a diverse range of uses, including office, manufacturing, wholesale, retail, restaurant, and hospital by conditional use - providing exceptional flexibility for prospective buyers.
Investment highlights
- Premier Headquarters Opportunity - 191 Sheree Boulevard is ideal for corporate headquarters use. With 43,200 SF across two full floors and a prominent campus setting, a new owner can immediately establish an impressive, fully functional company headquarters in a top suburban market.
- Ideal for Multi-Tenant Conversion - The building's adaptable floor plates (21,600 SF each) make reconversion to multi-tenant office straightforward, with the potential to attract 3 - 4 tenants, enabling investors to build a diversified income stream.
- Prime Exton Business Corridor - Situated in the highly sought-after Exton/Uwchlan Township corridor, offering excellent demographics with affluent households, robust daytime population, and proximity to restaurants, hotels, and retail along Route 30.
- Superior Highway Access - Exceptional connectivity via Route 30 (Lancaster Ave), Route 100, and the Pennsylvania Turnpike (I-76), providing rapid access to King of Prussia, Philadelphia, and the entire Philadelphia MSA..
- Flexible PIC Zoning - Planned Industrial-Commercial District zoning supports a diverse range of uses: office, manufacturing, wholesale, retail, restaurant, and hospital by conditional use - providing optionality beyond traditional office.
- Value-Add Opportunity - Acquire a well-located suburban office asset at a compelling basis - significantly below replacement cost - as net occupancy in the Philadelphia suburban market continues to grow.
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