Thursday, March 24, 2011

Seven Firms Lease More Than 17,500 Square Feet at Meadows Office Complex

485-489 Devon Park Drive, Wayne, PA:

Two lease expansions, four renewals and negotiated one new lease agreement totaling 17,500 square feet of space within The Meadows Office Complex were arranged.

The combined aggregate rental of the leases exceeds $1,300,000, Lieberman said. In the largest of the renewal transactions, Renaissance Medical Management Company renewed their lease agreement for 6,497 square feet. Weidenhammer Systems Corporation, Vicki Hook, and Hilda Daniel renewed their leases for a total of 4,418 square feet.

Integrity Food Marketing, Inc., a wholesale grocery company, who originally moved into The Meadows in 2009, expanded their current space from 2,873 to 4,495 square feet. Majestic Wine & Spirits U.S.A., LLC, a company involved in the wholesale distribution of wines and spirits to retail licensees located in the State of New Jersey and to the Pennsylvania Liquor Control Board, increased their office space from 1,984 square feet to 3,515 square feet.

Establishing a new office of 1,640 square feet in Building 487 is gloPlug Limited. GloPlug Limited was founded in 2007 and is a leading Canadian company serving the data centre management and transformation services needs of the technology market space.

The Meadows is a 105,000 square foot, three building office development set in a lush campus environment. The complex is strategically situated on the Devon Park Drive exit of Route 202 near King of Prussia. The single story Meadows features individual private entrances adjacent to abundant parking, enhancing corporate identity and ease of access for tenants and their clients."

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