West Pharmaceutical has entered into a build-to-suit lease agreement for its new global headquarters in Exton, Pennsylvania according to a CoStar report. Located in Eagleview Corporate Center, just two miles from its current headquarters in Lionville, the new headquarters will feature 130,000 rentable square feet of office space and 41,000 square feet of laboratory and research space.
530 Regency Drive Associates LP, the landlords of the property, will construct, furnish and equip the new building. The lease will begin around January 2013 and will expire 15 years later with the option to extend for two additional terms totaling 10 years. It was reported that the annual base rent for the new headquarters is expected to be about $4 million per year.
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