On September 20, 2005, Penguin Balpike, L.P. purchased 53 West Baltimore Pike, Media, PA. 

The property is situated on Baltimore Pike (US Route 1) and consists of a three story Class A office building comprising 36,927 square feet (12,309 SF/floor).  The building, which can be expanded to 50,991 square feet, was completed in 2002 and is in excellent condition. 

Originally designed for multi-tenant occupancy, the property features an open floor plan, brick and continuous glass exterior and possesses excellent views of the surrounding area.  154 parking spaces are on the site for a ratio of approximately 5 spaces per 1,000 square feet.  The property occupies an outstanding, highly visible location with excellent proximity to Media, the county seat of Delaware County and Chadds Ford, Pennsylvania.  The building is presently 100% occupied by one tenant.

Penguin Real Estate Investors, LP