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.

The new buildings will feature brick construction with limestone accents, dramatic entrance lobbies, and continuous glass lines with varied window sizes. The project architect is Wulff Architects, Inc. Construction costs for similar projects in the area run at $160 to $170 per sf according to Spaeder. Building is set to begin next spring and no contractor has been selected yet.