PLYMOUTH MEETING, PA-Ken-Crest Services renewed its lease for 27,835 sf at One Plymouth Meeting, which is located at 502 West Germantown Pike here. The renewal takes occupancy in the nine-story, 167,748-sf, class A office building to 98.7%.

Terms of the lease are undisclosed; however, the listed rental rate for the building is between $22 per sf and $23 per sf. Shelley Harris of Wayne-based GVA Smith Mack represented Ken-Crest. Jake Fruncillo, in-house leasing director, represented the owner, Cranford, NJ-based Mack-Cali Realty Corp.

Ken-Crest is a nonprofit human services agency devoted to providingsupport for people who have, or are at risk of having, mentalretardation or a developmental disability. It serves more than 6,000people ranging in age from infant to senior from its more than 30locations throughout the Delaware Valley.

The Ken-Crest renewal is among four major leasing transactions that took place at Mack-Cali properties in suburban Philadelphia during third quarter. The other three were renewals at properties in Moorestown, NJ which took occupancy in the buildings at 1245 North Church St. in Moorestown West Corporate Center, 224 Strawbridge Dr. in Moorestown Corporate Center and 1256 North Church St. in Moorestown to 100%. The four transactions encompass an aggregate 207,923 sf.

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?


NOT FOR REPRINT

© 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.

 

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 © 2024 ALM Global, LLC. All Rights Reserved.