Friday, October 26, 2012

Ricoh renews lease in Malvern, establishes its U.S. HQ

by Natalie Kostelni

Ricoh Americas Corp. has renewed its lease at 70 Valley Stream Parkway here and officially made the site its corporate headquarters for its Americas operations.
Ricoh Americas is the North and South American sales/marketing unit of Ricoh.
The company signed a long-term lease on 107,000 square feet in the building. Even though the company has been in the building for more than a decade — originally as Ikon Office Solutions — it conducted a search to explore what other options were available. They considered spots along the Route 202 Corridor but ultimately decided to stay put in a deal that keeps the company in the building at least through 2020. The landlord is Clarion Partners of New York.

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