The Malvern Green complex, an 111-acre office park with four buildings totaling 759,901 square feet, was recently listed for sale in Malvern, writes Paul Schwedelson for the Philadelphia Business Journal.
The four buildings at 51 Valley Stream Parkway, three office buildings along with a data center, are currently occupied by Oracle, with the property currently being marketed for mixed-use redevelopment.
Malvern Green is owned by health care IT company Cerner Health Services, which Oracle acquired three years ago for $28.3 billion. Oracle has since been consolidating the acquired office space.
Constructed between 1982 and 1999, the complex provides space for over 1,000 employees and includes a 400-space parking garage, as well as 1,400 surface parking spaces.
The property is currently zoned for office use, though a prospective buyer could approach East Whiteland Township to pursue zoning modifications that would allow a wider range of uses.
Valley Creek, which runs through the property, also limits how much of the site can be redeveloped.
The site is conveniently situated between Route 202 and I-76, and is also close to Routes 29 and 30, providing excellent highway access for commuters.
Read more about four Malvern Green buildings going up for sale in the Philadelphia Business Journal.
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