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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.

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