WAYNE, PA—Liberty PropertyTrust says DrugDev, which manages theworld's largest scientist network and data sharing platform forclinical trials of pharmaceuticals, has signed a lease agreementfor 31,000 square feet of class A office space at 1170 Devon ParkDr. here.
The building, which will serve as the United States headquartersfor DrugDev, recently underwent a major renovation and is highlyvisible from Pennsylvania Route 202, near the interchange with theSchuylkill Expressway, US 422 and the Pennsylvania Turnpike.Liberty declined to disclose the dollar value or term of thelease.
“This area has seen a significant amount of public and privateinvestment recently, including road improvements, the recentlyopened Chester Valley Trail, the continued development of theVillage at Valley Forge and the construction and/or renovation ofseveral office buildings. That investment, combined with theformation of the King of Prussia Business Improvement District, hasmade this section of the 202 corridor very attractive to highprofile tenants like Drug Dev,” says BruceHartlein, vice president leasing and development, LibertyProperty Trust.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.