"Highly Anticipated 1.2M SF HQ Complex to Break Ground
Teva Pharmaceuticals USA purchased 137.47 acres from J.G Petrucci Co., Inc. for approximately $40.59 million. The sale consisted of two parcels, 136 acres at 1 Red Lion Road and a 14,400-square-foot industrial building at 10098 Sandmeyer Lane, both located in Philadelphia. The sale was for the land only, and the purchase price included the approvals to develop a total of 2.2 million square feet of industrial space at the site.
Teva Pharmaceuticals is expected to break ground on Phase I of the project at the end of September. The 1.2 million-square-foot complex is expected to be completed by mid-2013. The single-story building will be built with a height of 125 feet. The complex is expected to have at least 500 employees within three years."
http://www.omegare.com/
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