Search
 

175,000 SF of New Office Space Planned for King of Prussia Area

PHILADELPHIA-Berwind Property Group is adding to its 23-million-sf portfolio of properties with the construction of two office buildings in the Providence Corporate Center 20 miles outside of Philadelphia.

By Jim Roberts | Updated on October 31, 2001

PHILADELPHIA-Berwind Property Group has targeted late 2002 for the opening of a to-be-constructed 75,000-sf office building in the Providence Corporate Center in Montgomery County, PA. A second building of 100,000 sf is also planned for the 15-acre site which Berwind purchased from the Nolen Group for development. The price paid for the property was not disclosed.

Located 5 miles northwest of King of Prussia, the development site is near several major companies including Wyeth Ayerst. “Each of the anchor companies in the area has hundreds of vendors who may want to be located here,” says Steve Spaeder, senior vice president at Berwind.

Smith Mack and Company arranged the agreement and is the exclusive leasing agent for the two new office buildings.

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?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.