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

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.