The building is a two-story, class A property, owned by FV Office Partners LP, a private real estate investment partnership that developed the 150-acre Chesterbrook center. CB Richard Ellis is the center's exclusive leasing agent, and the team of Dan Dagit, Andy Spillard and Michael Bronstein, negotiated for the owner. Scott Gabrielsen, SVP with Philadelphia-based Binswanger/CBB, represented MEDecision.
Open space and an "architecturally interesting building," are among the considerations MEDecision made in selecting this building for its expansion, according to Carl Smith, CFO, who says, "the opportunity to expand within the same office complex" was also a key factor. MEDecision is a nationwide provider of information software and services to managed healthcare organizations. It added 10 new clients in 2003 and has a 14% share of all managed care organizations with 70,000 members or more.
Chesterbrook Corporate Center is located within the 865-acre community master-planned by Fox Companies. In addition to office space, it includes a 120,000-sf shopping center, nine restaurants, a Wyndham All-Suites hotel, child care, and 200 acres of open space.
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