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Paccar Inks $1M Lease in Move to Horsham

PHILADELPHIA-Regional offices of two subsidiaries of Bellevue, WA-based Paccar Inc., Paccar Financial Corp. and Peterbilt Motors Co. consolidate in 9,500 sf at Pennsylvania Business Center on Gibraltar Road in Horsham. One exits another Horsham facility; Peterbilt moves from Kulpsville, PA.

By Marita Thomas | Updated on January 14, 2003

PHILADELPHIA-Regional offices of Paccar Financial Corp. and Lubbock, TX-based Peterbilt Motors Co. have consolidated in 9,500 sf at 240 Gibraltar Road in the Pennsylvania Business Campus in Horsham, PA. The lease is valued at approximately $1 million.

Although terms are undisclosed, the average asking rental rate for class-A office space in Horsham is $about $21.90 per sf, according to GlobeSt.com research.

Both companies are subsidiaries of Bellevue, WA-based Paccar Inc., a maker of trucks and provider of services and parts related to its main business. The financial division exits space at 655 Business Center Drive in Horsham Business Center. Peterbilt moves from the Towamencin Corporate Center in Kulpsville, PA.

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