Breaking will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CONSHOHOCKEN, PA-Kalmon Dolgin Affiliates Inc., which acquired the 620,000-sf Spring Mill Complex from Preferred Real Estate Investment Trust for $61 million in January, has handed the leasing assignment to Binswanger. Approximately 114,000 sf remain vacant in the complex at 1100 E. Hector St.

This facility is the former Lee Tire Co. factory site, which locally based Preferred redeveloped and converted into class A office space. The total investment was $40 million, and the 36-acre site was renamed in 2002. It contains three joined buildings.

Paul French, SVP in Philadelphia-based Binswanger’s King of Prussia office, heads the leasing team. The two smaller buildings are fully leased, and French says vacant suites in the largest, 420,000-sf building range from 1,000 sf to 70,000 sf. He tells the asking rental rate is $22 per sf.

Among the tenants at the center are XO Communications, Norman Spencer McKernan, Thomcomp and Idea Integration. Before selling the asset, Preferred added a 75-seat auditorium, 100-seat café and conference space.

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?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.