Search
 

Small Firms Lock in 30,000 SF in Suburban Office Space

PHILADELPHIA-Recent leasing and sales of properties in Malvern, Exton and

By Marita Thomas | Updated on April 01, 2003

PHILADELPHIA-Within the first quarter of the year, office leases by eight small companies at properties in three suburban markets represent an aggregate of approximately 25,000 sf. Two small firms also bought properties in these suburbs.

“While the large tenant segment of the office market continued at a slow pace during the first quarter, small and medium-sized tenants continued to be active,” says John P. Morrissey of King of Prussia, PA-based Morrissey Partners. He expects increased growth in the suburban office markets this year, but believes recovery will be gradual.

New leases at 500 North Gulph Rd. in King of Prussia include 2,340 sf by Emerald Asset Management, Inc., and 1,700 sf by Gabriel International, LLC. RemX Financial leased 2,160 sf at 216 Mall Blvd. in this town.

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

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.