WAYNE, Pa. – The HartfordServices Group, Hartford, Conn., has leased 100,000 sq. ft. of Class-A office space from Malvern, Pa.-based Liberty Property Trust. The property, which will be complete in first-quarter 2002, is located at 1500 Liberty Ridge in Chesterbrook Corporate Center, in Wayne, Pa. The Hartford will consolidate three regional offices of its Paoli, Pa.-based PLANCO Financial Services affiliate, which markets annuities, mutual funds, retirement plans and life insurance products. The office will house about 300 employees. Most will be located on the first and second floors of the East Wing, with 5,500 sq. ft. also located on the third floor. Andy Spillard and Dave Ryder of CB Richard Ellis represented The Hartford, and Liberty was represented by Ed Hollin of Riley, Riper, Hollin & Colagreco.
The 230,000 sq. ft. Liberty Ridge building was designed by Cathers Associates and contracted by Entex. Upon completion, Chesterbrook Corporate Center will contain three buildings with more than 400,000 sq. ft. of Class-Aspace.