Wednesday, July 30, 2014

DrugDev Moving to KOP

by Natalie Kostelni, Staff writer for the Philadelphia Business Journal
DrugDev signed a lease to relocate its North American headquarters to the King of Prussia area from Audubon, Pa.

The company signed a lease on 31,000 square feet at 1170 Devon Park Drive. Liberty Property Trust owns the 88,000-square-foot building. The Malvern, Pa., real estate investment trust recently completed $2.5 million in renovations to the structure including expanding the lobby with an open staircase, installing terrazzo flooring and putting in new restrooms.

DrugDev, which helps companies do drug trials together, said in a statement that the new building will give it room for growth and will provide amenities such as a fitness facility to its employees. DrugDev will be moving from 1000 Madison Ave., which is less than five miles from its new headquarters. It has corporate offices in London.
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