Binswanger/CBB Arranges Sale of Property and Negotiates Long-Term Lease for King of Prussia, Pennsylvania Based Client.Business Editors KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa.--(BUSINESS WIRE)--Oct. 10, 2003 Representing Tube City, Inc., Binswanger/CBB negotiated the sale of a free-standing free-standing Managed care adjective Referring to a physically and, often, financially discrete entity–eg, a surgical center, that is separate from, but may be affiliated with, a hospital; FS facilities may provide ambulatory surgery, emergency or 11,000 sq. ft. building within Continental Plaza in King of Prussia, PA. The property is located at 1014 West Ninth Avenue. Sale price was $1,050,000. Medicigroup, Inc. purchased the property as their new Pennsylvania headquarters. Founded in 1993, Medicigroup, Inc. is a leader in patient recruitment and retention for clinical trials of medications. They build long-term client relationships by providing direct-to-patient clinical trial recruitment and retention programs, coupled with world-class implementation. The seller, Tube City, Inc., is a provider of raw materials and services to the steel industries. As such, they allow countless mills and foundries to realize the optimum value of scrap recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. . Tube City, Inc. sold the property in an effort to streamline their operations. Binswanger/CBB was also able to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. Tube City, Inc. into 4,800 sq. ft. of office space at 300 Four Falls Corporate Center in Conshohocken. "We were successful in finding a user buyer for their existing property and then identifying an efficient and strategically located building for them to lease space in," said Scott Gabrielsen, Senior Vice President at Binswanger/CBB. Headquartered in Philadelphia, PA, Binswanger/CBB is an international, full-service real estate organization, with over 160 offices worldwide throughout the U.S.A., Canada, Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the U.K. and Europe, the Middle East, Asia, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. and Australia. |
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