Health Market Science Signs Agreement with Liberty Property Trust to Bring 2700 Horizon Dr. to 100% Occupancy
Previously a sub-tenant, Health Market Science expands its space as it
chooses to grow with Liberty
KING OF PRUSSIA, Pa., May 6 /PRNewswire/ — Health Market Science, Inc.
(HMS), a leading supplier of healthcare provider data and analytics in the
United States, and Liberty Property Trust (NYSE: LRY), which owns and
manages more than 15 million square feet of office and industrial space in
southeastern Pennsylvania, announced today the signing of a long term lease
agreement for 45,000 square feet of office space at 2700 Horizon Drive in
King of Prussia. HMS will now occupy the entire building.
(Logo: http://www.newscom.com/cgi-bin/prnh/20071026/NEF019LOGO )
Health Market Science has been subletting 25,063 square feet of space
in the building since 2004. When the balance of the building became
available for lease, HMS was able to secure the space for a much-needed
expansion.
“We have been very pleased with Liberty’s service and attention to
detail. Although we did look into alternative locations to manage our
growth, our comfort level with Liberty gave us the confidence to take the
entire building,” said Vince Dolan, CFO, Health Market Science, Inc.
The property is located within centrally located Renaissance Park, in
close proximity to I-76/Schuylkill Expressway, I-476/The Blue Route and the
I-276/PA Turnpike. Renaissance Park is minutes away from the King of
Prussia Mall and the unique restaurants of Conshohocken. The wooded setting
contains more than one million square feet of office and flex space with
land for future development. Amenities include: Septa bus stop, daycare,
food services, NovaCare Rehabilitation and Physical Therapy Center as well
as walking and fitness paths. Major tenants include Trion, Yellow Book,
Merion Publications, Elan and GlaxoSmithKline.
About Health Market Science, Inc.
Health Market Science (HMS) is the leading manufacturer of healthcare
reference data in the United States. HMS has developed unique technology
and expertise to continuously acquire, analyze, and integrate over 2,500
distinct data sources to create and maintain the single most comprehensive
and accurate source of healthcare provider information available today. The
HMS Master File(TM) includes detailed reference information for over 4.5
million practitioners and 1.0 million healthcare organizations.
Serving all segments of healthcare with over 200 clients, including
pharmaceutical, biotech, medical device, pharmacy chains and independents,
payers, providers, pharmacy benefit managers, HMS leverages its database to
cleanse and enhance customer provider files and to provide information
needed for billing, registration, credentialing, claims adjudication, and
network development.
Recognized two consecutive years by the Inc. 500 and the Deloitte Fast
500 as one of the fastest growing private companies in the United States,
Health Market Science is located in King of Prussia, PA.
For more information, visit http://www.healthmarketscience.com .
About Liberty Property Trust
Liberty Property Trust (NYSE: LRY), headquartered in Malvern, PA, is
dedicated to enhancing people’s lives through extraordinary work
environments. The real estate investment trust (REIT) serves customers in
the United States and United Kingdom through the development, acquisition,
ownership and management of superior office and industrial properties.
Liberty’s 75 million square foot portfolio offers exceptional locations
and flexible design to more than 2,100 tenants at 700 office, distribution
and light manufacturing facilities. The company is a leader in the
development of high performance green buildings. Liberty has been serving
the eight-county Philadelphia region for more than 35 years.
For more information visit http://www.libertyproperty.com .
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