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ATX Relocates HQ to 102,085 SF in Renaissance Park

KING OF PRUSSIA, PA-The telecom provider inks a lease for the entire three-story building at 2100 Renaissance Blvd. Lease terms are undisclosed. Three suburban brokers concur; the rate is probably between $23 and $25.50 per sf.

By Marita Thomas | Updated on September 08, 2003

KING OF PRUSSIA, PA-ATX Communications inks a long-term lease for 102,085-sf, the entire three-story, class-A building at 2100 Renaissance Blvd. here in Renaissance Park. It will relocate its headquarters from 50 Monument Road in nearby Bala Cynwyd.

Malvern, PA-based Liberty Property Trust owns Renaissance Park, which boasts on-site daycare, food service and a jogging trail. Joseph Conwell, first vice president, and Scott Miller of the Philadelphia office of CB Richard Ellis represented ATX in the transaction. Terms are undisclosed.

Conwell says, “Liberty . . . did a first class job of putting together a package that worked for ATX.” The consensus among brokers at three suburban firms, who spoke to GlobeSt.com on condition of anonymity, is that the rental rate is probably between $23 per sf and $25.50 per sf in an area in which class-A buildings are asking as much as $27.65 per sf.

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