OraPharma, a subsidiary of Johnson & Johnson, extends itslease forapproximately 17,600 sf at 730 Louis Drive in Warminster,a one-storyproperty owned by 730 Louis Drive LP, a locally basedprivate real estate investmentpartnership. Matt Federick, VP oflocally based Arden Real Estate Services,represented the owner.

Federick tells GlobeSt.com the aggregate value of the lease isin excess of$1 million and that the renewal secures the space into"the later years ofthis decade." OraPharma, which specializes inoral healthcare products, isheadquartered at the Warminsterlocation.

In an unrelated transaction, IDS Scheer, the US subsidiary ofGermany-basedIDS Scheer AG, inks a new lease for 8,866 sf at 1055Westlakes Drive inBerwyn. The 118,487-sf, class-A property inWestlakes Office Park is owned byCranford, NJ-based Mack-CaliRealty Corp.

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