Tuesday, March 16, 2010

Recent Leases Signed in Wayne, Chester Springs, Exton and Folcroft, PA

"Town Center at Wayne is now 80 percent leased up after signing PNC Bank to 9,161 square feet.

Located at 200 W. Lancaster Ave. in Wayne, the new 42,000-square-foot center’s other tenants include Stillwater Asset Management, Charles Schwab, Boathouse Capital and the renowned White Dog CafĂ©. Just 2,250 square feet of space remains available after 35,500 square feet of transactions have been wrapped up in the last 12 months. Eastern Property Group is the owner ...

Two industrial leases were recently sealed up. Konecranes of Finland leased 11,000 square feet at the Eaglepoint Industrial Center at 2145 Ticonderoga Blvd. in Chester Springs. The facility, just off Route 100 and the Pennsylvania Turnpike, will house both regional offices and a service center for Konecranes, which provides manufacturing, installation and servicing of crane and lifting equipment. The company is consolidating two other firms — Morris Material Handling and P&H Crane — that are now under the Konecranes umbrella. Eaglepoint Industrial Center totals 258,000 square feet. It is a joint venture between J. Loew & Associates Inc. and Kahn Development Co.

In another deal, MedEx Logistics Inc. leased 10,500 square feet of distribution space at 405 Kaiser Drive in the Folcroft West Industrial Park in Folcroft. MedEx subleased the space from Staples Inc. and its Corporate Express division. Superior Plus Energy Services took 8,456 square feet of office space at 224 Valley Creek Blvd. in Exton from Rubenstein Partners.

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