Posts Tagged: King of Prussia

MLP Ventures Expanding King of Prussia Office to Include More Life Science

MLP bringing more life science to KOP

More life sciences space is headed to King of Prussia.  MLP Ventures has gained approval to add 37,234 square feet of lab and life sciences office space onto an existing building it owns at 2100 Renaissance Blvd. The three-story expansion was approved unanimously by the Upper Merion Township Board of Supervisors on Sept. 8.  *Article… Read more »

Exelixis Inc. in negotiations for new King of Prussia office-lab complex

Exelixis Inc., an Alameda, California, biotechnology company, is in negotiations with Brandywine Realty Trust to have the real estate company develop a new 200,000- to 250,000-square-foot building in King of Prussia.  The complex would be constructed at 650 and 651 Park Ave. Half of the space would be offices while the other half would be… Read more »

Discovery Labs proposes 1 million square feet of new life sciences

The developer of Discovery Labs is proposing an additional 1 million square feet of new lab and office space in a dozen buildings on its King of Prussia campus — significantly expanding its footprint and capacity to attract life sciences companies to the site.  Representatives from Discovery Labs presented plans before Upper Merion zoning officials… Read more »

CSL Behring to sublease 101,000-square-foot KoP building

Three years after moving into 500 N. Gulph Road in King of Prussia, CSL Behring has decided to sublease the 100,820-square-foot building.  CSL Behring is not unlike other companies in evaluating its space needs during the pandemic that sent employees to work remotely. GlaxoSmithKline and Radian Group Inc. are two companies that were early to… Read more »

Equus Capital Partners Divests Suburban Philadelphia Office Buildings

MLP Ventures acquired two office buildings at 2201 and 2100 Renaissance Blvd. in King of Prussia, Pennsylvania, for $41.8 million, or about $180 per square foot, from Equus Capital Partners. The two office buildings total 232,644 square feet in the Renaissance Park business center. There is 98,764 square feet of contiguous space available for lease… Read more »

King of Prussia Office Building Off Gulph Road Trades for $25.8M

A real estate company from Rehoboth Beach has acquired 211 S. Gulph Road, a 102,204-square-foot office building in King of Prussia, for $25.8 million, or roughly $250 a square foot. This marks Jack Lingo Asset Management’s entrée into the Philadelphia office market. About a year ago, the company added office properties to its overall investment… Read more »

Penn leases 150,000 SF at Discovery Labs in KoP

The University of Pennsylvania has signed a lease on 150,000 square feet at Discovery Labs in King of Prussia and will use the space for its gene therapy program.  The space is in two buildings off Swedeland Road in what had been previously built and used by GlaxoSmithKline and later sold to a Radnor real… Read more »