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Washington DC & Mid-Atlantic  + Philadelphia  + Office  | 

CBRE Arranges Three Office Leases Totaling Nearly 80K SF in PA

CBRE has closed three new office leases totaling nearly 80,000 square feet at 1111 Old Eagle School Road, a recently renovated office property in Wayne, Pennsylvania.

The long-term leases include a 38,572-square-foot headquarters lease for iPipeline, a provider of digital solutions for the life insurance and financial services industries. They also include a lease for 32,600 square feet to Comcast Cable Communications Management, LLC d/b/a Comcast Advertising in relocation from Chesterbrook and 8,014 square feet to Elemica, a provider of digital supply chain management solutions.

“This was a four-year process to right size DLL’s occupancy to 85,000 square feet on the third floor and convert the remainder of the 200,000 square foot building into a multi-tenant configuration with the goal of attracting large full-floor tenants,” said Gabrielsen. “The recent renovations and amenities enhancements are what attracted iPipeline, Comcast and Elemica to the property, which checks all the boxes for the flight-to-quality trend and delivers a workplace that employees want to come to.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.