Without disclosing the terms and individual values of the transactions, Eric K. Gorman of the King of Prussia-based Jackson Cross Partners tells GlobeSt.com, both are long-term, "and the aggregate value of the two transactions is in excess of $2.5 million." Gorman represented the owner, the Newton, MA-based HRPT Properties Trust.
The largest by far is by Information Resources Inc., which is taking 25,000 sf. The Chicago-based IRI provides market analysis to the consumer package goods, retail and healthcare markets. Benjamin Bader of the Philadelphia office of Jones Lang LaSalle represented IRI.
The Parsippany, NJ-based First Managed Care Options has leased 2,395 sf in the building. It is relocating and expanding from a facility at 467 W. Pennsylvania Avenue here. First MCO provides medical management services, including claims control, to the healthcare industry.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
