Binswanger Arranges Lease at Prestigious Offices at Villanova.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. -- Representing The Provco Group, Binswanger negotiated a 17,200 sq. ft. lease to First Sealord Surety, Inc. at 789 E. Lancaster Avenue in Villanova, Pa. The seven-year lease is valued in excess of $4,000,000. First Sealord Surety, Inc. specializes in the provision of surety bonds surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced. for small- and medium-sized construction contractors. The company is relocating their U.S. corporate headquarters from Bala Cynwyd to the high-profile Offices at Villanova. "This office complex is the gateway to the Main Line, and the new space gives First Sealord Surety prominence at a signature location," said Patrick J. Kelley of Binswanger. The lessor One who rents real property or Personal Property to another. A lessor of land is a landlord. Cross-references Landlord and Tenant. lessor n. the owner of real property who rents it to a lessee pursuant to a written lease. , The Provco Group, L.P. is a privately-owned, Villanova-based real estate development company specializing in the construction and leasing of high-quality, cost-effective, commercial office and retail space in the Northeast corridor This article is about a rail line. For the agglomeration of metropolitan areas, see BosWash. For the New Jersey Transit line, see Northeast Corridor Line. The Northeast Corridor (NEC . Provco has developed or redeveloped almost one million sq. ft. of office and retail space. Approximately 12,000 sq. ft. of office space is still available at the Offices at Villanova. Headquartered in Philadelphia, Pa., Binswanger 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, and Asia. |
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