Vanguard is giving up roughly 88,000 square feet at 45 Liberty Boulevard in Malvern, creating one of the largest single vacancies to hit the Great Valley office corridor this year. The investment firm is expected to vacate later in June, which will leave the building’s owners re-marketing a massive contiguous block in a suburban leasing market that is still uneven. Landlords have already started listing the space, and the response will serve as a real-time test of how much appetite is left for big, divisible floorplates outside Philadelphia.
Vanguard Set to Exit Major Chunk of the Building
As reported by the Philadelphia Business Journal, Vanguard will give up a large portion of its offices at 45 Liberty Blvd and is expected to depart later in June. The Journal notes that the move will materially reduce occupancy at the property and convert a long-term lease into a near-term direct vacancy. That shift will force the owner to market a sizable block of contiguous space, either to a single large tenant or a mix of smaller users stitched together.
Owner Lists Nearly 88,000 Square Feet for Lease
Broker marketing shown on CommercialCafe indicates the owner has posted multiple availabilities totaling about 87,765 square feet, with an effective availability date of July 1, 2026. The listing spotlights a 52,325-square-foot third-floor block and names Jones Lang LaSalle brokers as handling tours, signaling that ownership is open to either a single large tenant or a series of divisible leases to fill the gap.
Building Background and Key Tenants
Property records show 45 Liberty Blvd totals roughly 137,178 square feet and was acquired in 2021 by TrueStone and FLD Group. At the time of that sale, the building was largely occupied by Microsoft and Vanguard, according to Traded. With Vanguard now pulling back, the owner faces a significant hole in an otherwise multi-tenant asset and may look at a range of options, including new leases, subleases or incentives, to refill the block. How quickly tours turn into signed deals will be a bellwether for Great Valley leasing demand heading into the summer.
What Comes Next in Great Valley
The Philadelphia Business Journal first reported Vanguard’s departure, and CommercialCafe shows the suites are now being marketed, so the next public signals will likely come from new lease announcements, sublease postings or broker chatter about deals in the works. Local brokers will be watching signage and tour activity closely over the summer to see whether demand for large suburban floorplates has truly re-emerged. We will keep an eye on broker listings and tenant announcements as the July availability date moves closer.
