WAYNE, PA-Two recent leases at the 34-acre Valley Forge Office Center in Pennsylvania’s King of Prussia submarket reflects the diversity--and value--of the property’s tenant base, says Keystone Property Group, which owns and manages the six-building, class A complex.

Sono Bello, a laser-assisted body contouring specialist practice, has signed a lease for 6,098 square feet at 656/676 E. Swedesford Rd. at the campus, while Berman-Purdum, a manufacturers representative for sporting and recreational goods, signed a new lease for 1,434 square feet at 480 E. Swedesford Rd.

While the two companies are very different, Rich Gottlieb, senior vice president of operations and development for Keystone, tells GlobeSt.com that both tenants were looking for a “better class of building” while still remaining in budget. “We were able to provide that,” he says, noting that asking rents average around the mid-$20s per square foot.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.