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.