Tuesday, November 26, 2013
ePharmaSolutions to Go to Plymouth Meeting
Global clinical services provider ePharmaSolutions will relocate its corporate headquarters from nearby Conshohocken to 25,000 square feet of space at 1 IMS Drive here.
www.omegare.com
www.omegare.com
Philadelphia's Retail Deliveries, Construction and Inventory
During the third quarter 2013, 15 retail buildings totaling 427,588 square feet were completed in the Philadelphia retail market.
Over the past four quarters, a total of 809,173 square feet of retail space has been built in Philadelphia. In addition to the current quarter, seven buildings with 122,691 square feet were completed in second quarter 2013, eight buildings totaling 154,692 square feet completed in first quarter 2013, and 104,202 square feet in 14 buildings completed in fourth quarter 2012.
There were 452,361 square feet of retail space under construction at the end of the third quarter 2013.
Some of the notable 2013 deliveries include: 3450 Fox St, a 124,900-square-foot facility that delivered in third quarter 2013 and is now 90% occupied, and 116 Township Line Rd, a 75,371-square-foot building that delivered in first quarter 2013 and is now 100% occupied.
Total retail inventory in the Philadelphia market area amounted to 487,038,544 square feet in 38,745 buildings and 2542 centers as of the end of the third quarter 2013.
This trend is compared to U.S. National Retail deliveries and construction, which saw 660 buildings totaling 13.82 million square feet complete construction, with an additional 42 million square feet of retail space still under construction at the end of the third quarter. American Furniture Warehouse completed a 628,000-square-foot retail center, and The Fashion Outlets of Chicago, a 538,000-square-foot outlet center, delivered in the third quarter. Total retail inventory in the U.S. market totaled 12.37 billion square feet in almost 1.05 million buildings at the end of the third quarter 2013, including almost 97,000 shopping centers.
www.omegare.com
Over the past four quarters, a total of 809,173 square feet of retail space has been built in Philadelphia. In addition to the current quarter, seven buildings with 122,691 square feet were completed in second quarter 2013, eight buildings totaling 154,692 square feet completed in first quarter 2013, and 104,202 square feet in 14 buildings completed in fourth quarter 2012.
There were 452,361 square feet of retail space under construction at the end of the third quarter 2013.
Some of the notable 2013 deliveries include: 3450 Fox St, a 124,900-square-foot facility that delivered in third quarter 2013 and is now 90% occupied, and 116 Township Line Rd, a 75,371-square-foot building that delivered in first quarter 2013 and is now 100% occupied.
Total retail inventory in the Philadelphia market area amounted to 487,038,544 square feet in 38,745 buildings and 2542 centers as of the end of the third quarter 2013.
This trend is compared to U.S. National Retail deliveries and construction, which saw 660 buildings totaling 13.82 million square feet complete construction, with an additional 42 million square feet of retail space still under construction at the end of the third quarter. American Furniture Warehouse completed a 628,000-square-foot retail center, and The Fashion Outlets of Chicago, a 538,000-square-foot outlet center, delivered in the third quarter. Total retail inventory in the U.S. market totaled 12.37 billion square feet in almost 1.05 million buildings at the end of the third quarter 2013, including almost 97,000 shopping centers.
www.omegare.com
Mt. Laurel Office Attracts Virtua Health
Virtua Health Inc. has taken 18,650 square feet in a building at the Horizon Corporate Center here.
The landlord for the 74,000-square-foot building at 2000 Crawford Place is LSOP NJ, LLC, a subsidiary of Somerset Properties. Virtua Health joins current tenants Siemens, 7-Eleven, Burns and Roe, and The Mentor Network.
“It has been exciting to watch Virtua’s growth in South Jersey."
The corporate center is close to restaurants and shopping centers, including Greentree Square Shopping Center and the Moorestown Mall. The location provides easy access to Routes 73 and 70, as well as I-295 and the New Jersey Turnpike.
Retail Leasing Livens in South Jersey
Retail leasing has picked up recently in southern New Jersey. There have been several long-term leases with national retailers and several with local and regional companies.
The transactions include:
- Dollar General, signing a 10-year lease for 13,500 square feet at the building under construction at 802 Prospect St. in Trenton.
- OshKosh B’Gosh, signing for 2,500 square feet at East Gate Square, a 900,000-square-foot power center in Mt. Laurel/Moorestown. OshKosh signed a 10-year lease and will open a store this month, joining its sister store Carters at the development.
- National Vision, leasing 3,000 square feet for America’s Best Contacts & Eyeglasses atCooper’s Plaza in Voorhees.
- Fast Signs of Cherry Hill, signing a five-year lease for a new 1,950-square-foot store at 1006 Haddonfield Road in Cherry Hill across from Wegmans at Marketplace at Garden State.
- Lane Bryant, Inc., taking a 10-year lease at Willow Ridge Plaza, situated at the traffic-light intersection of Route 73 and Ardsley Drive in Marlton. The 4,800-square-foot store is Lane Bryant’s first in Marlton.
The retail space is under construction at Willow Ridge Plaza and, in addition to Lane Bryant, Five Below and VisionWorks are leasing the remaining spaces under construction. Lane Bryant will open in March, 2014.
Monday, November 25, 2013
Wednesday, November 20, 2013
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