Wednesday, March 5, 2014

Recent Commercial Real Estate Deals

Natalie Kostelni Staff Reporter-Philadelphia Business Journal

PennFab Inc., a fabricator and supplier to the rail and transportation industries, leased 115,000 square feet at 20 Steel Road S. in the New Ford Mill Road Industrial Park in Morrisville. The lease brings the 233,000-square-foot building to fully occupied. 

CDW signed a new lease for 31,121 square feet at Three Executive Campus in Cherry Hill. The information technology company will move from Four Echelon Plaza in Voorhees, N.J., in June. The new space at Three Executive will allow CDW to operate on a contiguous floor. The 430,995-square-foot building had been 58 percent occupied in 2011. The lease with CDW brings it to more than 80 percent leased. 

IOP Publishing leased 6,300 square feet of the American College of Physicians building at 190 N. Independence Mall in Philadelphia. The company, which publishes physics-related texts and periodicals, is moving from 4,500 square feet at the Public Ledger Building. The company is based in Great Britain and its new space will serve as its North American headquarters. 

EPAM Systems leased 6,100 square feet at 117-25 N. 8th St.  The landlord is Archworks Philadelphia.
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