BOOTHWYN, PA-With the inking of a five-year lease for 47,000 sf in the office/warehouse property at 1515 Garnet Mine Rd. here, Aston, PA-based Alloy Surfaces Co. establishes a second location in the area. The aggregate rental agreement exceeds $1.8 million, according to Steve Italiano, SVP of the Wayne, PA office of CB Richard Ellis.

Italiano represented 1515 Limited Partners, the owner of the 172,500-sf industrial complex and of the former Dupont 84-acre property on which it is located. He was the sole agent in the Alloy Surfaces transaction. Last year his office negotiated a 10-year lease in the building for Germany-based Steinbeis in a transaction valued at more than $7 million.

Alloy, a subsidiary of UK-based Chemring Group, makes aircraft decoys of a proprietary material for military forces worldwide. It will commence operations here next month. Meanwhile, CBRE is marketing between 30 to 40 acres in the industrial complex for construction of up to 400,000 sf of custom office/industrial structures on a build-to-suit basis.

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