X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST CHESTER, PA-Frazer, PA-based Animas Corp. inks a 10-year lease for all 102,360 sf of the office/lab/warehouse facility at 200 Lawrence Dr. here. Originally developed in 1997, it was recently acquired by Philadelphia-based Berwind Property Group. Animas is a maker of insulin infusion pumps and related devices.

The facility is located on North Points Drive. It consists of 15,000 sf of production and lab space and 52,000 sf of warehouse space with seven loading docks and a drive-in door in addition to office space. It also contains four finished labs and multiple conference rooms, equipped with multi-media systems. The building can be expanded by another 52,000 sf.

The value of the lease is undisclosed. On condition of anonymity, area brokers estimate the rental rate at between $6.35 per sf and $7 per sf.

Paul Wolfson and Dean Geis of Philadelphia-based NAI Geis Realty Group represented Animas in the transaction. Stephen M. Spaeder, BPG’s SVP of acquisitions and development, negotiated for the owner.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.