This facility is the former Lee Tire Co. factory site, which locally based Preferred redeveloped and converted into class A office space. The total investment was $40 million, and the 36-acre site was renamed in 2002. It contains three joined buildings.
Paul French, SVP in Philadelphia-based Binswanger's King of Prussia office, heads the leasing team. The two smaller buildings are fully leased, and French says vacant suites in the largest, 420,000-sf building range from 1,000 sf to 70,000 sf. He tells GlobeSt.com the asking rental rate is $22 per sf.
Among the tenants at the center are XO Communications, Norman Spencer McKernan, Thomcomp and Idea Integration. Before selling the asset, Preferred added a 75-seat auditorium, 100-seat café and conference space.
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