Star Point Business Center
Ft. Washington, Pennsylvania 19034

Criteria:

Space:

Location:

Age:

Condition:

Space Configuration:

10,000 useable square feet.

First floor of a “B” class, two story, client owned, multi-tenant building located in a suburban Philadelphia commercial park.

Approximately 30 years old.

In need of re-hab.

Long and narrow, entry directly off of the lobby.

The space is located in a flood prone area. Long term conventional leasing was not a use option.

Fort Washington is a suburban “bedroom community” outside of Philadelphia. The commercial park is situated in the middle of a large, settled, middle and upper middle class residential area. Approximately 5,000 home office workers live within a 5 mile radius of the building.

Demographic studies indicated a large population of professionals and sales associated residents.

The building is centrally located near major traffic and transportation arteries that can carry local residents to New York, Philadelphia and points south.

Competition was non-existent for a 3 mile radius.

New operator entry into the office business center industry.

We designed a multi-use office business center to can support several different types of alternative office users. We refer to this center’s design as a “hybrid” business center.

Within the 10,000 square foot space, we housed the client’s corporate offices, full time resident offices with service agreements for a minimum of 6 months, part time work station offices with agreements for daily, weekly or monthly users, state of the art conference facilities for internal and outside client usage, and a full service virtual office concierge program for the home office or non-office user.

This consists of the use of a professional address and mail services, professional telephone reception, and technology and workplace support that would otherwise be economically beyond the reach of this market segment.

This solution spread the client’s risks over a broad spectrum of products that minimized his dependency on any single one. It allowed him to utilized “challenged” space that would otherwise be capable of producing limited revenue.

www.StarPointBusinessCenter.com