Built in 2003, 300 Four Falls is a 298,371 square-foot, seven-story office building constructed atop a six-story parking garage located in West Conshohocken, PA.  The property features over 400 feet of frontage along the Schuylkill Expressway and is situated within one-half mile of the Schuylkill Expressway and Interstate 476 interchange.

NAS assumed management responsibility for the financially stressed, Class-A property in February 2014.  Company executives immediately proceeded to execute an aggressive plan to increase revenue while optimizing operating expenses with cost-effective maintenance and strategically targeted and prudent capital expenditures.

In less than two years, occupancy of the property increased to 98% and NOI increased 16%, creating an enhanced market position for sale of the property.

Additional space leased in 2014 and 2015 totaled 27,559 square feet, just over 9% of the building’s leasable square footage.  The successful leasing effort resulted in filling space that had been vacant since 2005, when the office building was acquired by a group of 31 TIC investors.

Coinciding with the aggressive plan of action to increase marketability in the same two-year period, NAS and CBRE|Fameco, the new property management company, were successful in increasing renewals by improving tenant approval from extreme dissatisfaction, experienced under prior administration, to support of the management team.

READ NEWS STORY:   Greater Marketability Created for TIC Office Property

  • National Assets Services Success Stories

    National Asset Services is a nationally respected, owner-entrusted commercial real estate management company that has delivered positive results for over 2500 investors nationwide. With experience in managing properties, located in diverse markets across the country, the NAS team knows that all owners have one goal in common:

    Increase Property Value. Optimize Property Performance.

    If you’re looking for a better commercial real estate management company, put the NAS team to work for your asset today. You will quickly see how an experienced commercial property management company will be a real difference in the making of your property’s success story.

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