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An entity affiliated with Maguire Hayden Real Estate Co. has sold two flex buildings and an office property that are part of the Marsh Creek Corporate Center in Exton for $21.6 million, according to Chester County property records.

The buyer was NPMC Owner LLC, which is associated with Captiva Capital Partners, a local real estate company. The structures that sold were 15, 35 and 1 E. Uwchlan Ave. The largest of the properties was 1 E. Uwchlan, which is an 85,000-square-foot office building. The flex building at 15 Uwchaln totals 44,200 square feet and 35 Uwchlan totals 47,900 square feet. The properties were built in the mid-1980s.

The 20-acre corporate center is located at the intersection of Route 100 and Route 113 and not far from the Downingtown interchange of the Pennsylvania Turnpike. It consists of the office building, four flex buildings totaling 185,000 square feet and a parcel leased to a day care center. The Maguire Hayden entity had previously sold three other properties in the Marsh Creek Corporate Center to Captiva for around $14 million.

Marsh Creek, bought in 2007, was the first acquisition for what was then Hayden Real Estate Investments and, at the time, it paid $36 million for the portfolio. “We bought at a high watermark,” said Tony Hayden Jr. “We essentially broke even.”

The transaction with Captiva was a bit complicated in that a portion of the corporate center was sold at an earlier date and, in the most recent sale, Maguire Hayden retained a small ownership stake. A representative from Captiva couldn’t be reached for comment.

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