Monday, May 3, 2010

Great Valley Corporate Center signs 60,000 square feet in leases

"PhaseBio Pharmaceuticals Inc., which is relocating from Research Triangle, N.C., is among the leases arranged during the first quarter at the Great Valley Corporate Center in Malvern.

PhaseBio leased 15,881 square feet at 1 Great Valley Parkway. In all, 60,502 square feet of leases were signed during the quarter at the corporate center, which is owned by Liberty Property Trust (NYSE:LRY). Other leases include: Mangos, an advertising firm, renewed a long-term lease for 13,023 square feet at 10 Great Valley Parkway; Performance Development Group signed a lease at 5 Great Valley Parkway for 6,257 square feet; VEECO, a nanotechnology company, signed a new lease for 3,500 square feet at 7 Great Valley Parkway; Y-Prime Technologies, a consultant to pharmaceutical companies, signed a new lease for 3,330 square feet at 7 Great Valley Parkway; Shifa Biomedical Group leased 2,983 square feet at 1 Great Valley Parkway; Cutanea Life Sciences took 3,330 square feet; and Integrated Software Solutions renewed 1,546 square feet at 5 Great Valley Parkway."

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