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|Number of units||244|
Jones Lang LaSalle America, Inc (“JLL”) is pleased to present the opportunity to acquire Arlo (the “Property”), a 244-unit, new construction, luxury apartment community conveniently located along Philadelphia’s prestigious Main Line in Malvern, Pennsylvania. Completed in 2020 coming out of a robust lease-up, ARLO represents a rare opportunity to acquire a recently stabilized, luxury high-profile asset of scale, with unparalleled unit finishes and an extensive amenity package, directly off Route 202 and I-76 (PA Turnpike).
Dynamic Main Line Destination
- Arlo's location provides proximity to various employment and lifestyle amenities throughout the greater Philadelphia region via arterial roadways including Route 30, Route 29, I-76, and Route 202. Multiple national and international corporations are headquartered in Malvern, PA including Vanguard, Vishay Intertechnology, Endo Pharmaceuticals, Siemens Healthcare, and CubeSmart. Additionally, the Property is only five minutes from SEPTA’s Malvern and Paoli train stations, providing direct access to various suburban destinations along the Main Line en route to Center City, Philadelphia.
Proven Performance Resiliency
- Arlo is currently 95% leased and has consistently maintained a steady lease-up, and most recently signed 76 leases from October - January, which has historically been Philadelphia’s slowest leasing months, further supporting the pent-up demand and the resiliency of this product during such unprecedented times.
Premier Luxury Mid-Rise
- Arlo offers an elegant, modern design with multiple floorplans ranging from studio to three-bedroom units. Units feature keyless entry, luxury vinyl flooring, spa-inspired bathrooms, and chef-inspired kitchens. All units contain full-sized stacked or side-by-side, high-efficiency washers and dryers. Additionally, the Property features a state-of-the-art amenity package that is highlighted by a swimming pool, Full Swing Golf Simulator, fitness center, outdoor gaming area, private fitness studio, community green space, work pods, private garage parking, and much more.