Real Estate Journal — Pennsylvania — February 13 - 26, 2015 — 11C
www.marejournal.com
M id A tlantic
P ennsylvania
70 lease agreements in the second half of 2014 Liberty Property Trust’s SE PA Region leases more than 750,000 s/f of space
M
alvern, PA — Liberty Property Trust has signed
more than 70 lease agree- ments in the second half of 2014, representing more than 750,000 s/f of activity in SE PA. “Momentum was strong in the second half of 2014. Our leasing teamhas been working overtime managing increased prospect activity and the ex- ecution of large leases in the Horsham, King of Prussia and Malvern submarkets,” said Tony Nichols , VP and city manager of Liberty’s South- eastern PA portfolio. “We are looking forward to con- tinued activity in southeast PA through 2015. A major influencer is that tenants are really beginning to feel the positive benefits derived from the widening of Rte. 202 at Rte. 29, and the slip ramps for the PA-Tpke. around the Malvern based Great Valley Corporate Center.” Notable leases completed in the second half of 2014 include: TNS US, LLC signed a new lease for 39,480 s/f at 700 Dresher Rd. in Horsham. Mi- chael Sweeney represented Liberty and Rija Beares and Michael Bronstein of CBRE represented TNS. MobilexUSA renewed a lease for 25,098 s/f at 101-111 Rock Rd. in Horsham. Mi- chael Sweeney represented Liberty and Dennis Durkin and Bryan Smith of CBRE represented Symphony Diag- nostic Services No. 1. LRA Worldwide, Inc. signed a new lease for 16,508 s/f at 5 Walnut Grove Dr. in Hor- sham. Sweeney represented Liberty and Paul French of Avison Young represented LRA Worldwide. At 220-240 Gibraltar Rd. in Horsham, Morningstar Credit Ratings signed a new lease for 16,491 s/f, and Severn Trent Services signed a new lease for 14,874 s/f, both at 220 Gibraltar Rd. Sweeney repre- sented Liberty in both transac- tions while Rija Beares from CBRE represented Morning- star, and John Shelly, Gina Brennan and Paul Garvey of Cushman & Wakefield represented Severn Trent. A new lease was signed for 151 South Warner Rd., a 89,914 s/f office building in King of Prussia. US Liability Insurance ex-
101-111 Rock Rd.
Valley Stream Pkwy. in Mal- vern. Catherine Bianco rep- resented Liberty and JimDu- gan from Newmark Grubb Knight Frank represented Fresenius. Wedderspoon Organic USA
signed a new lease for 8,050 s/f at 77-123 Great Valley Pkwy. in Malvern. Liberty was rep- resented by Michele Countis and Scott Williams from Avison Young represented Wedderspoon. n
700 Dresher Rd.
panded their footprint at 1170 Devon Park Dr. with a new lease for 34,872 s/f in King of
Prussia. Fresenius Vascular Care signed a for 23,119 s/f at 40
Highridge Travel Plaza Schuylkill County, PA
• 36 Acre Travel Plaza
• Fully-Permitted, Pad-Ready Site
• Truck Stop And Retail Development Opportunities
• Direct Access To Busy I-81 Trucking Corridor Via Exit 119 • I-81 average traffic volume: 24,000 vehicles each day • Over 6,000 Internal Truck Movements Within The Business Park Each Week
• Highridge Business Park
570-622-1943 | www.sed-co.com
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