Conshohocken-based Preferred Real Estate, an affiliate of Kingof Prussia, PA-based O'Neill Properties, owns the complex. MikeO'Neill and Ken Kearns of Preferred represented the owner, and ReidBlynn of Wayne, PA-based Smith-Mack, represented Cadient.

Cadient's move follows a management buyout in November underwhich Cadient executives purchased the company from QwestCommunications International. Bob Weissman, Cadient's president andchief executive officer, led the buyout, which was backed byPrinceton, NJ-based Edison Ventures.

"The relocation to Conshohocken is an important strategic move,"Weissman says in a statement. "(The location) is positioned in themiddle of the region's pharmaceutical industry and is centrallylocated betweenPhiladelphia and the 202 corridor."PharmaceuticalFirm Relocates to Conshohocken

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.