Thursday, May 27, 2010

Benten Bioservices Inks $12M Lease in Malvern

"Benten Bioservices, a wholly owned subsidiary of Deltagen Inc., leased 35,000 square feet of lab space at 335 - 395 Phoenixville Pike in Malvern, PA. The clinical research organization signed a 10-year lease, valued at more than $12 million. Occupancy is slated for December.

The 104,400-square-foot R&D building was built in 1979 in the Chester Industrial submarket. It is part of the Great Valley Corporate Center.

Benten aims to create between 50 and 80 new jobs at the facility over the next 18 to 24 months. Benten received interest from several other landlords outside of the Delaware Valley area. However, BioMed Realty Trust, the landlord at the Great Valley Corporate Center, made an aggressive effort to acquire Benten."

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