MLP Ventures buys two more buildings in King of Prussia for $41.8M, plans to convert one into lab space

MLP Ventures has acquired two office buildings at Renaissance Park in King of Prussia for $41.8 million, adding to the company’s real estate holdings in that part of Upper Merion. 

MLP bought 2201 Renaissance Blvd., a 133,880-square-foot building on 15 acres, for $27.9 million, or $208 a square foot, and 2100 Renaissance Blvd., a 98,726-square-foot building on nine acres, for $13.9 million, or $140 a square foot. 

The Newtown Square company bought the buildings in 2018 as part of a larger portfolio acquisition that involved seven properties. 

MLP, now based in Radnor, plans to relocate its headquarters and related companies into 2201 Renaissance. Purolite Corp. occupies 12,500 square feet in the building and MLP will fill out the remaining space. 

*Article courtesy of The Philadelphia Business Journal

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