New leases, renewals and expansions span six suburban office parks across the region.
Liberty Property Trust today announced that it welcomed six new customers and completed four renewals and three expansions during a busy first quarter of 2013.
"It was an extremely active first quarter - a tremendous way to start off 2013," said Tom Sklow, vice president and city manager, Liberty Property Trust. "Our suburban Philadelphia office parks experienced a surge of interest, especially at Great Valley Corporate Center as a result of the opening of the new four-way Route 29 Interchange on the Pennsylvania Turnpike, where commute times have been cut by as much as 25 minutes."
The largest new lease of the quarter was at Chesterbrook Corporate Center in Wayne. Crothall Services Group, leased 39,674 square feet at 1500 - 1550 Liberty Ridge Drive.
The largest renewal was at Stoneridge Office Park in Exton, where Kidde Fenwal, Inc. renewed its lease of 12,376 square feet at 180 Sheree Boulevard. The company has been a Liberty customer since 2006.
Eleven more leases, listed by office park, are reported as follows.
Great Valley Corporate Center, Malvern
- The Sherman-Williams Company signed a new lease for 15,529 square feet to relocate to the newly-renovated 7 Great Valley Parkway. The company, which has been a Liberty customer since 1991. The top floor of the building, which offers 20,000 square feet of space, remains available for lease.
- Sanofi US Services Inc., which has been a Liberty customer since 2007 in this location, renewed its lease of 11,600 square feet at 75 Great Valley Parkway.
- Tela Bio Inc. signed a new lease for 11,460 square feet of space at 1 Great Valley Parkway.
- Total Facility, Inc. renewed its lease of 9,917 square feet of space at 420 Lapp Road, where the company has been a customer since 2003.
- North American Benefits Company leased 9,261 square feet at 20 Valley Stream Parkway.
- Novocure, Inc. has signed a new lease for 3,469 square feet of space at 2 W. Liberty Boulevard.
Renaissance Park in King of Prussia
- Iceutica Operations, LLC, which has been a Liberty customer since 2011, has expanded at 3602 Horizon Drive, adding 6,262 square feet to its facility.
- At 2100 Renaissance Boulevard, S.R. Snodgrass, A.C. signed a new lease for 3,471 square feet.
Brandywine Business Center in Radnor
- Suburban Medical Laboratory, Inc. signed a new lease for 13,603 square feet at 620 Brandywine Parkway.
Chesterbrook Corporate Center, Wayne
- Moksha 8 Pharmaceuticals Inc. renewed its lease of 7,141 square feet at 1550 Liberty Ridge Drive.
Devon Park Drive, Devon
- U.S. Investment Corporation expanded its lease by 7,914 square feet at 1170 Devon Park Drive. The company leases an additional 162,500 square feet of space at that location and has been a Liberty customer since 2008.
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