READING, PA-Locally based WorleyParsons Group has outgrown its headquarters space in Green Hills Corporate Center. The firm has signed on for all of the space in the 30,396-sf class A office building at Six Commerce Dr. in Flying Hills Corporate Center. In an unrelated transaction, Omaha, NE-based PSI, a division of Pitney Bowes, is exiting two locations here to relocate and consolidate in a 104,000-sf industrial building in Langhorne.
M. Taylor Young, VP of Conshohocken-based Beacon Commercial Real Estate, represented both WorleyParsons and ARE Flying Hills One Partners, the investors that own Six Commerce Dr., in negotiating the multi-year lease, which is valued at in excess of $3 million. WorleyParsons, which provides professional services to the energy and complex process industries, will occupy the entire building beginning Aug. 1.
Jeff Williams and Chris Kutzler of the Philadelphia office of Cushman & Wakefield represented PSI in negotiating its lease for the entire building at 2251 Cabot Blvd. in Langhorne. It has a five-year term and an aggregate value of more than $2 million, they tell GlobeSt.com. The industrial facility was built in 1981. The owner is a subsidiary of Philadelphia-based Flynn Co., and Mike Borski of Flynn represented the owner.
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