Life Sciences Companies Sign HQ Leases in Chester County as Deals Begin to Pick Up

Three life sciences companies have leased space for their headquarters in two different corporate centers in Chester County, making long-term commitments to the region.

Though it explored options in the suburbs and Philadelphia, Castle Creek Biosciences Inc. decided to stay in its 86,500 square feet at Eagleview Corporate Center in Exton, where $20 million will be spent in upgrades to the company’s manufacturing and research space. It signed a 10-year deal.

Around the corner, Frontage Laboratories signed a 10-year renewal on its 80,000-square-foot headquarters at 700 Pennsylvania Drive in Eagleview. It also signed another 70,000-square-foot, 10-year lease in a nearby building in the office park where Hankin Group, the landlord, undertook a $15 million project to construct new labs.

Down Route 202, XyloCor Therapeutics, a gene therapy company working on a treatment for patients with cardiovascular diseases, signed a lease on 3,800 square feet at 1550 Liberty Ridge in Chesterbrook. The space will serve as the fledgling company’s first headquarters. It outgrew using temporary space at Life Sciences Pennsylvania offices off Swedesford Road in Wayne.

*Article courtesy of Philadelphia Business Journal

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