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Millennium Center Occupancy Tops 95%

CONSHOHOCKEN, PA-O'Neill obtains four lease agreements totaling 66,424 sf in the two office buildings that are not yet fully occupied within the three-building, 26-acre development.

By Marita Thomas | Updated on November 29, 2006

CONSHOHOCKEN, PA-Four lease agreements aggregating 66,424 sf raise occupancy in the three-building, 198,000-sf Millennium Corporate Center to approximately 95%. King of Prussia-based O’Neill Properties Group owns the 26-acre center, which can accommodate up to 650,000 sf of office and residential development.

The largest of the new lease agreements is a 34,659-sf commitment from San Diego-based CardioNet Inc. in the 72,000-sf Millennium III building at 227 Washington St. That takes building occupancy to 92%, according to Scott Gabrielsen, senior vice president of Philadelphia-based Binswanger, who is O’Neill’s leasing representative for the complex. Scott Miller and James Kelley of the Philadelphia office of CB Richard Ellis represented CardioNet. Gabrielsen tells GlobeSt.com the rental rate at all three buildings is $28.50 per sf, plus electric. The 54,000-sf Millennium II is fully leased.

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