CONSHOHOCKEN, PA-Two office lease transactions by healthcare-related companies offer evidence of increased activity in the Philadelphia suburbs. The Atlanta-based Zavata Inc. has subleased 24,000 sf at 225 Washington St. in Millennium Corporate Center here, and Universal Health Systems leased 10,728 sf at Executive Terrace about six miles to the west in King of Prussia.

The Zavata sublease is from the Miami-based Answerthink, which will continue to occupy the remaining 46,000 sf in the 70,000-sf building. Scott Gabrielson, SVP of Philadelphia-based Binswanger, represented Answerthink. Tom Bond of NAI Geis represented Zavata, which is an outsourcer of business processing for the healthcare industry. Terms of the lease are undisclosed. Published asking rental rates for direct leases in Millennium Center properties range from $22 per sf to $27 per sf.

UHS is headquartered a half-mile from its new additional offices at Executive Terrace. The new lease agreement takes occupancy in the four-story, 131,507-sf building on S. Gulph Rd. to 100%, although 45,000 sf is being marketed for lease later this year. The building owner is an affiliate of Philadelphia-based BPG Properties Ltd., formerly Berwind Property Group.

John Perkins and Daniel Brogan of the Philadelphia office of Grubb & Ellis represented BPG. John Shelly of Trammell Crow Co.’s Philadelphia office represented UHS. Terms of the lease are undisclosed. Published rent rates for office properties on S. Gulph Rd. range between $17 per sf and $19.50 per sf.

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