KING OF PRUSSIA, PA–Keystone Property Group says leasing velocity is continuing to be “exceptional” at its renovated Parkview Tower, a nine-story office building here. Nearly 23,000 square feet was taken in recent deals, bringing the property to 93% leased.
Previously announced tenants signed in the first quarter include Reval.com Inc., Bankers Life Insurance, Contemporary Staffing Solutions and PP Pediatric Management
The latest transactions include:
- Emerging Growth Equities, which signed a 12,327-square-foot deal to relocate to a new suite within the building. The specialty investment banking and brokerage firm was represented by Jeff Mack of Smith Mack.
- The General Services Administration, signing a 5,400-square-foot renewal and expansion for the Department of Transportation. The existing lease was renewed for an additional five years.
- A/Z Corporation, an engineering, construction and maintenance company, renewing its 3,087-square-foot lease for a two-year term. Steve Gersbach of CBRE represented the tenant.
- Advanced Telecom Services and Advanced Mobile, taking 2,638 square feet for five years. Eric Wahlers of Gola Corporate Real Estate represented the tenant.
Keystone was represented in all of the transactions by Jeff Barker and Kim Finnerty of Cushman & Wakefield.
“It is clear that Parkview Tower has become the go-to business address in King of Prussia due to the property's exceptional and unmatched characteristics,” said Rich Gottlieb of Keystone Property Group in a release.
The building at 1150 First Avenue has 220,513 total square feet of office space connected to a Radisson Hotel and the Valley Forge Casino. Tenants have access to conference facilities, food court, spa and several restaurants.
Parkview Tower's on-site amenities include a deli, telecommunications with fiber optics, a back-up generator, ample parking and 24-hour security.
The tenant roster includes Arcadia University, Huntington Bank, SAIC, TekniPlex and Fort Dearborn Life Insurance.
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