Suburban Renewal: Who Needs Center City?

Map of Pennsylvania highlighting Chester County

Map of Pennsylvania highlighting Chester County (Photo credit: Wikipedia)

Teleflex Corp. responded to American industrial decline by selling or closing down its old car, boat and factory controls plants. It shrank its workforce by half (and by two-thirds in the U.S.)., and switched to the medical-devices business. It worked, if the stock market is the measure: The company has been trading at record levels.

Next step was to do something about its old Limerick Township headquarters. “We were in a large campus, off the main thoroughfares, where we had manufacturing facilities for the now-divested operations, reflective of our previous era,” says Cam Hicks, Teleflex’s vice president for global HR.

“We wanted a place where we could get access to new talent, and position ourselves for growth, while increasing our visibility, without a net increase in commute time” for headquarters workers scattered through Philadelphia’s western suburbs.

Last week the company moved into its new digs at CrossPoint, a Tredyffrin office park near US 202, which has itself been recycled out of foreclosure. To build the center, 1970s-era buildings at the former Valley Forge Office Center have been connected by a glass atrium packed with amenities that office workers used to have to drive off to find, and updated from an earlier, Monopoly-board vision of suburban business, which set office parks here, restaurants up there, recreation over that way.

Read more at http://www.philly.com/philly/blogs/inq-phillydeals/teleflexx.html#B7PsK8G3yq2ss74E.99

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Boston Developer Buys Union Trust Building, Downtown Pittsburgh

A map of Pittsburgh, Pennsylvania with its nei...

A map of Pittsburgh, Pennsylvania with its neighborhoods labeled. For use primarily in the list of Pittsburgh neighborhoods. (Photo credit: Wikipedia)

A Boston developer with Pittsburgh ties bought Downtown’s Union Trust Building for $14 million in a sheriff’s sale on Monday.

The Davis Companies has developed property in 12 states mostly along the East Coast, but this is its first foray into the Pittsburgh market, said Downtown attorney David Lampl of Leech Tishman Fuscaldo & Lampl, who is representing the developer.

“We are evaluating our purchase of the building regarding its future use and hope to make a decision within a month or two,” said Jonathan Davis, 61, founder and CEO of The Davis Companies.

Read more: http://triblive.com/news/adminpage/5695981-74/lampl-building-developer#ixzz2uvTdS9ky
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