240 Windgate Dr, Chester Springs, PA

The Opportunity

​​​​​​​Berkadia Real Estate Advisors​ is pleased to present Weatherstone Town Center​ (“Weatherstone” or “the Property”), a comprehensive town center with 172 luxury apartment units, 29,826 SF of existing retail space, and fully approved development plans which allow for an additional 78 multifamily units and up to 119,938 SF of commercial space. Weatherstone represents an unrivaled opportunity to acquire an existing town center, with additional development potential in the most affluent zip code in Chester County and the wealthiest county across Pennsylvania.

investment highlights

  • Located in the Wealthiest Zip Code in Chester County​ and the #1 Wealthiest County across Pennsylvania
  • Average household income of $212,295​ and median home value of $596,154​ within a one-mile radius of the Town Center
  • Owen J. Roberts School District​ ranked within the​ Top 10%​ in Pennsylvania
  • Developed with a generational hold strategy in mind:​ with high-quality construction materials​ and ownership currently pursuing a LEED GOLD certification
  • Low density site across 27.7 acres, with 10 multifamily units per building​ across the Manor Homes
  • Award-winning mixed-use town center​ neighboring the West Vincent Elementary School and the Chester County Henrietta Hankin Library
  • Proven demand through lease-up: with in-place rents increasing 13.3% year-over-year​ and concessions ceasing in July 2021
  • Opportunity to push rents upon turnover,​ with current in-place rents trailing the competitive set by $200+
  • While current in place rents of $1.89/SF trail market rents of $2.13/SF, leases signed in the last 30 days have increased 4.0%​ to $1.97/SF: tightening the gap between initial lease-up and stabilized rents
  • Located at the intersection of Rt. 100 & 401​ and within a 4-mile drive of the Pennsylvania Turnpike: affording residents immediate accessibility throughout the region
  • Easy commute and less than 20-minute drive from Chester County’s top employers​ located in Eagleview Town Center, Whiteland Business Park, and Great Valley Corporate Center
  • Less than 10-minutes from Marsh Creek State Park:​ a local favorite for trails, biking and water-sports

Photo Gallery

Apartment Amenities

Interior luxuries

  • Wood inspired flooring in all living areas
  • Stainless steel GE Energy Star appliances
  • Light finish cabinets with gray quartz counters
  • Ceiling fans in master BR
  • Expansive closet areas in all units
  • Central Air
  • Efficient gas heat
  • Honeywell smart thermostats
  • Full size GE Energy Star washers and dryers
  • Spacious patio or balcony
  • Designer kitchens with tile backsplash
  • Gas ranges
  • Grohe faucets
  • Tile baths with frameless shower doors in master bath
  • Schlage Control smart lock entry by Allegion
  • Oversized kitchen islands
  • Dark finish cabinets with white quartz counters
  • Quartz counters in baths
  • Top floor apartments​​​​​​​

community Amenities

  • Resort style swimming pool with outdoor TV
  • State-of-the-art resident clubhouse with co-working spaces, gourmet kitchen, entertainment/game room and multi-sport simulator
  • State-of-the-art fitness center with virtual training
  • Yoga studio
  • Business center / co-working space
  • Fire pits and grilling stations
  • Attached garage parking in manor home buildings*^
  • Pursuing LEED gold certification
  • Dog park
  • Pet spa
  • Parcel pending package receiving
  • Electric vehicle charging stations
  • Extensive walking paths and pocket parks throughout community
  • Valet Trash and recycling Services*

*Additional fees apply

^Limited availability

location

Weatherstone Town Center is located at the northeastern intersection of Pottstown Road (Route 100) and Conestoga Road (Route 401).​ Pottstown Road connects with the Pennsylvania Turnpike less than four miles south of the property,​ and Conestoga Road connects with Route 202 approximately eight miles southeast of the property. As such, Weatherstone Town Center offers convenient access to major employment hubs, while simultaneously providing residents with an understated, yet luxurious setting. In addition to accessibility to employment hubs, the property features access to nearby natural amenities, ranging from state parks to golf courses, to festivals. Residents are largely drawn to Chester Springs in ​ an effort to escape the hustle and bustle of nearby urban and suburban communities. Chester Springs offers a bucolic setting within the usually fast-paced Philadelphia MSA.

Situated in the western suburbs of Philadelphia, Chester County is strategically located with proximity to the City of Philadelphia, suburban business parks, and an extensive network of regional thoroughfares. Comprised of 759 square miles, Chester County was initially settled as farmlands, but is now one of the most rapidly expanding counties and represents the wealthiest county in the Commonwealth of Pennsylvania. Over the past several decades, there has been significant commercial development, which has brought with it significant residential development. With a concentration of high paying jobs, top ranked schools, and historical ambiance, Chester County continues to rank as one of the most desirable communities to live in Pennsylvania.

Chester County

Fast Facts

  • #1 Wealthiest County in PA
  • AAA Chester County Credit Rating
  • $385 Median Home Value
  • 268K Workforce
  • 53.0% hold a Bachelor's Degree or higher
  • 32MM SF office space
  • #1 Most Educated County in PA
  • #1 Most Prosperous in PA

Contact Us

Philadelphia OFFICE

BErkadia Team

Investment Advisors
Mortgage Bankers

240 Windgate Dr, Chester Springs, PA

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. ​

© 2021 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.