The property is currently fully leased to ICON Clinical Research, a worldwide clinical research company headquartered in Dublin, Ireland, with offices in Philadelphia. Nine years remain on ICON's 10-year lease.
Rental rates on the property were unavailable, but brokers of properties in Montgomery County report that rates in class-A office buildings there run about $21 per sf.
James Vesey, Michael Hines and Michael Blunt of Philadelphia-based Cushman & Wakefield of Pennsylvania represented First Evergreen in the transaction.
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