WAYNE, PA—Liberty Property Trust says DrugDev, which manages the world's largest scientist network and data sharing platform for clinical trials of pharmaceuticals, has signed a lease agreement for 31,000 square feet of class A office space at 1170 Devon Park Dr. here.
The building, which will serve as the United States headquarters for DrugDev, recently underwent a major renovation and is highly visible from Pennsylvania Route 202, near the interchange with the Schuylkill Expressway, US 422 and the Pennsylvania Turnpike. Liberty declined to disclose the dollar value or term of the lease.
“This area has seen a significant amount of public and private investment recently, including road improvements, the recently opened Chester Valley Trail, the continued development of the Village at Valley Forge and the construction and/or renovation of several office buildings. That investment, combined with the formation of the King of Prussia Business Improvement District, has made this section of the 202 corridor very attractive to high profile tenants like Drug Dev,” says Bruce Hartlein, vice president leasing and development, Liberty Property Trust.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
