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Shire Adds 115,000 SF at Chesterbrook HQ

WAYNE, PA-The pharmaceutical company adds all of 1200 Morris Dr. to its existing 238,000 sf, and will invest $30 million in renovations.

By Marita Thomas | Updated on July 20, 2007

WAYNE, PA-Shire Pharmaceuticals Group PLC has signed a lease for the full 115,000-sf office building at 1200 Morris Dr. in Chesterbrook Corporate Center. The giant UK-based firm relocated its US headquarters from Newport, KY to this center in September 2004.

It currently occupies an aggregate of 230,000 sf in buildings at 725 and 735 Chesterbrook Blvd. along with another 8,000 sf in 955 Chesterbrook Blvd., according to a Shire spokesman. He tells GlobeSt.com that Shire will invest “a ballpark budget of about $30 million in renovations” to 1200 Morris Dr.

The lease is for 10 years. “Renovations will begin now and we anticipate occupancy in early 2008,” the Shire spokesman says. The new facility will house executive, general administration and R&D offices, and the company expects to add 390 employees within the next four years.

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