Business Specialties Leasing
Deal Marks Biggest Lease in Pennsylvania Route 202 Corridor This Year
May 14, 2008

ING North America has just signed a lease with the U.S.-based real estate group of Investcorp for just over 30,700 square feet of space in the 89,900-square-foot office building at 100 Deerfield Lane in Malvern, Pa., just 40 minute from Philadelphia. The financial institution's commitment to space at the Class A property marks the largest lease in the Pennsylvania Route 202 Corridor submarket so far this year. Jackson Cross Partners L.L.C. orchestrated the transaction on behalf of Investcorp. Financial terms of the deal have not been disclosed; however, the cost of office space in the increasingly tight Malvern market currently ranges from $21.50 to $24 per-square-foot. With ING's lease, 100 Deerfield is 75 percent leased. Other commitments for the remaining space in the building, which is also home to USA Technologies Inc. and Suburban Realtors Inc., are in the works.

 
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REal Talk with Adam Perrotta - Tues., July 8th
July 08, 2008
By Adam Perrotta, News Writer --A lot of news out of the Left Coast today, including the approval of a massive makeover for LAX airport, Laramar Group opening its California office with a bang and troubled Maguire Properties selling off...

Maguire to Sell Orange Country Property for $211M
July 08, 2008
By Dees Stribling, Contributing Correspondent -- Maguire Properties, under new management in recent months and pursuing a plan to reduce the debt it incurred by bulking up on SoCal office space in recent years, is selling off Main Plaza Towers...

$400M Army Hotel Program Takes Next Step
July 08, 2008
By Barbra Murray, Contributing Editor -- The U.S. Army's plan for developing and renovating hotels at 12 installations as part of its Privatization of Army Lodging program has just advanced to the next stage now that it has entered into...

Penn National Gets Option on MD Parcel for Possible Casino
July 08, 2008
By Gail Kalinoski, Contributing Editor -- Penn National Gaming Inc. has secured an 18-month option on 36 acres in Perryville, Md., where it hopes to set up a slots casino and entertainment center. The price of the land was not...

Hill Wins Contract for $1.6B Abu Dhabi Project
July 08, 2008
By Scott Baltic, Contributing Editor -- New Jersey-based Hill International has been awarded a contract by Sorouh Real Estate PJSC of Abu Dhabi, United Arab Emirates, to handle project management for Gateway Towers 3 through 8 at the firm's Shams...

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