HORSHAM, PA-Dudnyk Enterprises renewed its lease for 38,500 sf at 100 Tournament Dr. in Commonwealth Corporate Center. The locally based advertising agency and marketing firm is an original tenant in the three-story, 110,000-sf, class A building, which was completed in 1989.

Terms of the lease are undisclosed. The average asking rental rate for class A office facilities in the Horsham/Willow Grove submarket is $21.94 per sf, according to a second-quarter 2004 report from the Philadelphia office of CB Richard Ellis.

Cranberry, NJ-based Matrix Development Corp. owns the center. Other major tenants are Canon, Kelly Services and Centocor, which is a division of Johnson & Johnson. The facility offers easy access to the Philadelphia and New Jersey pharmaceutical industry marketplace, an area of business in which Dudnyk specializes. Matrix VP Frank DiMaria negotiated the transaction.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.