The new lease fills the vacancy created last fall by Bank of America's merger with MBNA Corp. and subsequent downsizing to 10,000 sf. As a result, the 97,123-sf building, which is owned by Jenkintown-based American Financial Realty Trust, is fully leased.

Doug Newbert and John Susanin of Wayne-based GVA Smith Mack represented the owner in the transaction. "We knew the vacancy was going to occur," Newbert tells GlobeSt.com, "so we were able to fill it within a couple of months. The tenant will have exterior signage as a part of the deal." Mike Borski of the Philadelphia-based Flynn Co. represented NutriSystem in the transaction.

The aggregate value of the lease and rent rate are undisclosed. According to a fourth-quarter report from the Philadelphia office of Grubb & Ellis, the average asking rental rate for class B office space in the Horsham/Willow Grove submarket is $21.65 per sf. This building, however, is a former operations center, and, on condition of anonymity, a broker tells GlobeSt.com, "NutriSystem's rent rate is probably below $20 per sf."