by Natalie Kostelni and John George
"Frontage Labs has signed a long-term lease on space at the Eagleview Corporate Center where it will now have room to grow and add up to 100 jobs over the next three years.
The company will relocate its headquarters from the Valley Creek Corporate Center in Exton, which isn’t far from its new space. After considering options around the region, the company took 80,000 square feet of space once occupied by Adolor Corp. The property is owned by Hankin Group.
Frontage’s search for new space came as the company sought to consolidate several of its offices throughout the region as well as a way to accommodate the growth it expects to continue to experience. When it relocated to Pennsylvania from New Jersey in 2004, it had 14 employees. By 2008, the company had 90 employees and now has 180 people working for it.
“We’re certainly going to continue to grow,” said Ron Connolly Sr., senior vice president at Frontage. “We hope to add 50 to 100 jobs over the next three years and the new space certainly allows that to happen.”
The company will relocate from 25,000 square feet it has at 75 E. Uwchlan Ave. in Exton, 6,000 square feet at 224 Valley Creek Blvd. in Exton where it maintains its headquarters, as well as 22,000 square feet at 105 Great Valley Parkway in Malvern where it maintains labs and its bioanalytical group. Frontage had already been subleasing about 7,000 square feet of the Adolor space to conduct small animal research.
Full story: http://tinyurl.com/6mxk5cx
http://www.omegre.com/
Monday, July 16, 2012
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