Friday, February 6, 2015

Liberty Property Trust’s SE PA Region Leases 750,000+ SF

Liberty Property Trust today announced that it signed more than 70 lease agreements in the second half of 2014, representing more than 750,000 square feet of activity in Southeastern Pennsylvania.

“Momentum was strong in the second half of 2014. Our leasing team has been working overtime
managing increased prospect activity and the execution of large leases in the Horsham, King of Prussia and Malvern submarkets,” said Tony Nichols, vice president and city manager of Liberty’s Southeastern Pennsylvania portfolio. “We are looking forward to continued activity in southeast Pennsylvania through 2015. A major influencer is that tenants are really beginning to feel the positive benefits derived from the widening of Route 202 at Route 29, and the slip ramps for the PA-Turnpike around the Malvern based Great Valley Corporate Center.”

Notable leases completed in the second half of 2014 include:

  • TNS US, LLC signed a new lease for 39,480 square feet at 700 Dresher Road in Horsham. Michael Sweeney represented Liberty.
  • MobilexUSA renewed a lease for 25,098 square feet at 101-111 Rock Road in Horsham. Michael Sweeney represented Liberty.
  •  LRA Worldwide, Inc. signed a new lease for 16,508 square feet at 5 Walnut Grove Drive in Horsham.Michael Sweeney represented Liberty.
  •  At 220-240 Gibraltar Road in Horsham, Morningstar Credit Ratings, LLC signed a new lease for 16,491 square feet at 220 Gibraltar Road, Horsham.
  •  Severn Trent Services, Inc. signed a new lease for 14,874 square feet, 
  •  A new lease was signed for 151 South Warner Road, a 89,914 square foot office building in King of Prussia.
  • United States Liability Insurance expanded their footprint at 1170 Devon Park Drive with a new lease for 34,872 square feet in King of Prussia.
  •  Fresenius Vascular Care signed a new lease for 23,119 square feet at 40 Valley Stream Parkway in Malvern. Catherine Bianco represented Liberty.
  •  Wedderspoon Organic USA, LLC signed a new lease for 8,050 square feet at 77-123 Great Valley Parkway in Malvern. Liberty was represented by Michele Countis.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.