Jones Lang LaSalle
Two Leases Gain on Void Left by Aetna
By Marita Thomas
FORT WASHINGTON, PA-Leases aggregating 27,395 sf take occupancy in the 65,000-sf office building at 475 Virginia Dr. to 60%, gaining on a void left by Aetna Insurance, which vacated the building as it downsized. The three-story, class A property was built in 1996 and 1997.
Without disclosing the terms and individual values of the transactions, Eric K. Gorman of the King of Prussia-based Jackson Cross Partners tells GlobeSt.com, both are long-term, "and the aggregate value of the two transactions is in excess of $2.5 million." Gorman represented the owner, the Newton, MA-based HRPT Properties Trust.
The largest by far is by Information Resources Inc., which is taking 25,000 sf. The Chicago-based IRI provides market analysis to the consumer package goods, retail and healthcare markets. Benjamin Bader of the Philadelphia office of Jones Lang LaSalle represented IRI.
The Parsippany, NJ-based First Managed Care Options has leased 2,395 sf in the building. It is relocating and expanding from a facility at 467 W. Pennsylvania Avenue here. First MCO provides medical management services, including claims control, to the healthcare industry.
Copyright © 2006 ALM Properties, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Two Leases Gain on Void Left by Aetna
By Marita Thomas
FORT WASHINGTON, PA-Leases aggregating 27,395 sf take occupancy in the 65,000-sf office building at 475 Virginia Dr. to 60%, gaining on a void left by Aetna Insurance, which vacated the building as it downsized. The three-story, class A property was built in 1996 and 1997.
Without disclosing the terms and individual values of the transactions, Eric K. Gorman of the King of Prussia-based Jackson Cross Partners tells GlobeSt.com, both are long-term, "and the aggregate value of the two transactions is in excess of $2.5 million." Gorman represented the owner, the Newton, MA-based HRPT Properties Trust.
The largest by far is by Information Resources Inc., which is taking 25,000 sf. The Chicago-based IRI provides market analysis to the consumer package goods, retail and healthcare markets. Benjamin Bader of the Philadelphia office of Jones Lang LaSalle represented IRI.
The Parsippany, NJ-based First Managed Care Options has leased 2,395 sf in the building. It is relocating and expanding from a facility at 467 W. Pennsylvania Avenue here. First MCO provides medical management services, including claims control, to the healthcare industry.
Copyright © 2006 ALM Properties, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
posted by Jones Lang LaSalle NJ News Blog at 4:20 PM
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