Brokers familiar with the area tell GlobeSt.com that average asking rental rates for similar buildings in the area are about $23 per sf, often with concessions. Milliman will relocate to the new space from its current offices in Radnor, PA, in July 2003.

Jeffrey E. Mack, principal, and Ross Forman, SVP of corporate services in the Wayne, PA, office of locally based Smith Mack/Oncor International, represented Milliman. In-house broker Robert Murdocca represented Liberty in the transaction.

Milliman USA is an actuarial consultancy with offices in 35 U.S. cities and in Bermuda, Hong Kong, London, Melbourne, Seoul and Tokyo. Its 2001 revenues were in excess of $301 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • 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
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.