Press Release brought to you by Jackson Cross Partners
Jackson Cross Partners Leverages Market Advantage to Secure Updated 12,106 SF Facility for McKee Risk Management
King of Prussia, PA – (May 22, 2013) Jackson Cross Partners announced today the lease acquisition of an updated facility for Philadelphia commercial insurance leader McKee Risk Management. McKee will make the transition from its existing space at 1060 1st Avenue in the Maschellmac Business Park, to the new facility location at 610 Freedom Business Center Drive in King of Prussia.
According to John Morrissey, Partner with Jackson Cross Partners, “The layout of the new facility is much more conducive to McKee’s business operations and the company’s future growth and expansion potential. The timing of this deal could not have been better. By leveraging McKee’s credit and Tenant friendly market conditions, we were able to secure an exceptional deal.” JCP worked in conjunction with Kathy Sweeney Pogwist of Brandywine Realty Trust to negotiate the terms of the deal.
McKee Risk Management is a commercial insurance underwriting group based in King of Prussia, PA. The company has been experiencing steady growth for some time. “The new layout improves our overall efficiency and will allow for some future expansion. We love the appearance of the new space. It’s a Class A building,” stated Clyde McKee, CEO and President of McKee Risk Management.
The new property at Freedom Business Center includes a complete turnkey space, which will be built out to McKee’s specs. The monthly expenses will remain the same, making it a great deal for McKee financially. The new space is approximately 12,106 SF.
About McKee Risk Management
McKee Risk Management is a commercial risk assuming company, and stands by the ultimate goal underwriting profitability. McKee incorporates the key disciplines underwriting, risk control, claims, actuarial, marketing, finance and administration through the efforts of tenured experts in each field. These accredited individuals lead the company’s team of professionals in a collaborative approach through the entire insurance product cycle, delivering comprehensive insurance programs to select groups.
About Jackson Cross Partners
Jackson Cross Partners (JCP) is a multi-dimensional commercial real estate company that offers a unique resource to an organization’s real estate challenges. The company provides commercial property owners and occupiers with a broad range of services including Advisory, Brokerage, CRE Strategies, Investment and Property Management. With advanced skills and experience in Real Estate, Finance, Accounting, Technology and Law, JCP provides a cross functional approach to real estate planning, analysis and operational execution. The company, based outside of Philadelphia, PA, provides regional brokerage services in Pennsylvania, Delaware and New Jersey, while also providing advisory and strategic execution for client portfolios throughout North America and around the world. For more information go to www.jacksoncross.com.
06/14/2013 - 10:26