Property Overview
101 West Avenue
101 West Avenue, Jenkintown, PA 19047
Office: Purchased
Tenants
- BB&T
- Lincoln Investments
- Merrill Lynch
- Serge
Demographics
Population Density
136,250
Household Income
103,435
VPD
16,400
Contacts
Management
Anthony Zinni Jr.
tony.zinni@colliers.com
610-557-0181
Leasing
Stephen J. Kriz
stephen.kriz@cbre.com
215-272-0316
Property Overview
101 West is a 84,210 rentable square feet of office space, located in Jenkintown, Pennsylvania. The Property is situated along West Avenue near Route 309, which provides access to a number of well-traversed highways including the Pennsylvania Turnpike (I-276) and I-95. The Property is located within the Philadelphia MSA in Montgomery County, the third most populous county in the state. Additionally, 101 West Avenue is located within close proximity to the Jenkintown-Wyncote Train Station, which provides service to much of the surrounding metro area. The Building is occupied primarily by business and financial services related companies.
Highlights
Recent Building Upgrades
101 West Avenue has had a number of recently completed capital improvement projects. These projects include renovations to the lobby and atrium, upgrading half of the restrooms, and partial upgrades to the Building’s HVAC systems. These renovations increase the Property’s leasable ability in the future and help regulate utility costs.
Accessibility
The Building benefits from its excellent accessibility to the Greater Philadelphia MSA. Its proximity to Old York Road and Fort Washington Expressway provides quick travel to City Center Philadelphia and the Pennsylvania Turnpike. The Pennsylvania Turnpike helps provide access to Philadelphia’s dense network of highways. Furthermore, the Building lies within walking distance of the Jenkintown-Wyncote Train Station, which provides service to City Center Philadelphia, the Philadelphia Airport, Lansdale/Doylestown, West Trenton, and Warminster.
Parking
The Property has ample parking with 317 spaces, equating to a parking ratio of 3.76 per 1,000 rentable square feet. The parking is divided among a parking deck, a covered portion that lies under the Building, and surface parking around the perimeter of the Building. The property also has 84 covered parking spaces to provide private parking.
Contiguous Vacancy
101 West Avenue represents the only building in the submarket that contains a contiguous vacancy greater than 10,000 square feet. This advantage all the Property to acquire additional larger due to space that is not currently in the market.