Monday, November 5, 2012

Philadelphia Insurance renews at Bala Cynwyd office complex

Bala Plaza, a four-building office complex in Bala Cywyd, Pa., has completed three lease transactions.
At One Bala, Philadelphia Insurance renewed 135,000 square feet and is expanding by 17,000 square feet. Philadelphia Insurance is the second-largest tenant in the Bala Cynwyd office submarket.
Tokio Marine North America, an affiliate of Philadelphia Insurance, signed a new lease for 28,000 square feet at Three Bala and Global Indemnity signed a lease for 50,000 square feet there. Its lease shrank from 70,000 square feet.

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