Thursday, October 7, 2010

Broadview fills KOP building

"Broadview Networks signed a big lease for space at Valley Forge Park Place, filling up one of the buildings at the redeveloped complex off Route 422 in King of Prussia. The building had sat empty for a couple of years and Broadview’s 10-year lease stabilizes it.

The company, based in Rye, N.Y., took 57,200 square feet at the two-building, 155,000-square-foot office center at 1016-1018 W. 9th Ave. Broadview will be shrinking when it relocates from 2100 Renaissance Blvd. in Gulph Mills, where it is subletting 100,000 square feet. Keystone Property Group, which owns the buildings, renovated the properties that once housed Nova Care Inc. Lincoln Property represented Broadview Networks in the transaction. Other tenants in the complex include Reed Elsevier, Goddard Systems Inc., and Oracle USA Inc. ...

Joseph Levine & Son Inc., a well-known Jewish funeral home in the Olney section of Philadelphia, has sold its North Broad Street building. The structure at 7112 N. Broad totals 17,000 square feet and includes two chapels. It sits on two acres and can accommodate 50 vehicles. The Levines sold the property for an undisclosed price to Batchelor Brothers Funeral Services, which is making its first foray into the Philadelphia area. Batchelor Brothers is based in Rochester, Pa. The Levine family said it was difficult to sell the building but its business plan called for it and it continues to expand in the suburbs. In spite of the sale, Levine said in a statement that it and Batchelor will continue to operate out of the facility ...

FNK Enterprises sold a one-story, 24,000-square-foot industrial building at 1670 Winchester Road in the Bridgewater Industrial Park in Bensalem for $1.05 million. Pendant Systems Ltd. bought the property and will be relocated from a nearby 12,000-square-foot building off Blanche Road. Pendant Systems manufactures pendant lighting ... Duraclean Cleaning Specialist leased 2,603 square feet of warehouse space at 12 S. Bacton Hill Road in Malvern, relocating from smaller quarters.

Versa Fit leased 5,800 square feet on the sixth floor of 1529 Walnut St. in Center City, marking the first time the company has had a Philadelphia training facility. The personal training facility is based in Voorhees, N.J., and is expanding into the region."

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