Terms of the lease are undisclosed. The average asking rentalrate for class A office facilities in the Horsham/Willow Grovesubmarket is $21.94 per sf, according to a second-quarter 2004report 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, whichis a division of Johnson & Johnson. The facility offers easyaccess to the Philadelphia and New Jersey pharmaceutical industrymarketplace, an area of business in which Dudnyk specializes.Matrix VP Frank DiMaria negotiated the transaction.
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