**CBRE Facilitates Three Office Leases Totaling Nearly 80,000 SF in Pennsylvania**
CBRE has successfully closed three new office leases at 1111 Old Eagle School Road, a recently renovated office property in Wayne, Pennsylvania. The leases total nearly 80,000 square feet.
The long-term agreements include a 38,572-square-foot headquarters lease for iPipeline, a provider of digital solutions for the life insurance and financial services industries. Additionally, Comcast Cable Communications Management, LLC, operating as Comcast Advertising, has secured 32,600 square feet in a relocation from Chesterbrook. Elemica, a provider of digital supply chain management solutions, has signed a lease for 8,014 square feet.
“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 aligns with the flight-to-quality trend and delivers a workplace that employees want to come to.”
