CareScience, a biotechnology-software firm that provides Web-based technology for care management, clinical analysis and data exchange, has taken a full floor at 3600 market Street, an eight-story building in Philadelphia's two million-sf University Science Center. Located on the Avenue of Technology, the Science Center is the nation's first urban research park.
Cushman & Wakefield Pennsylvania represented both parties in the transaction. Wayne Hunt and William Finnegan of acted on behalf of CareScience. Paul Garvey and Roger McManimon are exclusive leasing agents for the University Science Center.
According to Garvey, the 10-year deal represents both an expansion and a consolidation for CareScience. "They were already a tenant at the Science Center," Garvey tells GlobeSt.com. "They leased about 5,000 sf from C&W and approximately 5,000 sf in two other locations." The company has now combined the three operations into the 21,806-sf Science Center space, Garvey says.
In a separate transaction, Alpharetta, GA-based McKesson Information Solutions has renewed its 48,074-sf lease at 5 Country View Road in the Great Valley Corporate Center located in Malvern, 25 miles outside Philadelphia. A global subsidiary of San Francisco-based McKesson Corp., the firm specializes in information-systems software for the healthcare industry. Terms of the deal were not disclosed.
Jeffrey Barker and Kim Finnerty of Cushman & Wakefield of Pennsylvania and Travis Jackson and Christopher White of Cushman & Wakefield Georgia brokered the deal for McKesson and building owner Liberty Property Trust was self-represented.
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
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.
