Tuesday, November 1, 2011

Endo to move from Chadds Ford to East Whiteland

"Endo Pharmaceuticals Holdings Inc. on Monday became the fourth area drug company in 2011 to announce a substantial construction project.

The Chadds Ford specialty pharmaceutical company intends to move its headquarters 18 miles north to a new 300,000- square-foot office complex in East Whiteland, Chester County, by December 2012.

The company plans to relocate its 500 local employees into a build-to-suit. Endo spokesman Kevin Wiggins said the company ran out of space in Chadds Ford, where it leases 185,000 square feet in four buildings. The company has been based in the Delaware County township since its founding from the management-led buyout of a line of pain medicines from DuPont Merck Pharmaceutical Co. in 1997.

The details of the lease were not provided, describing it only as "long term."

The new headquarters will consist of two five-story buildings connected by a sky bridge and overlooking a 70-acre lake that used to be a limestone quarry, Goggins said.
It's a big win for Atwater, where just one of 15 planned office buildings totaling 2.6 million square feet has been built over the last decade. That pace of development could change with the completion next fall of a $48 million E-ZPass-only interchange linking the Pennsylvania Turnpike to Route 29 and the Atwater property.

Wiggins said the company was "working with Harrisburg" on possible financial incentives in connection with the project. A spokesman for the Pennsylvania Department of Community and Economic Development did not return a call seeking comment Monday.

Endo's announcement is the latest by an area drug company seeking to move into new space. GlaxoSmithKline P.L.C., Iroko Pharmaceuticals L.L.C. and Teva Pharmaceutical Industries Ltd. are building in Philadelphia. In addition, Shire P.L.C., with 1,000 employees in four buildings in the Chesterbrook Corporate Center in Chester County, is evaluating its options."

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