| (Reprint) Philadelphia Business Journal
July 31, 2009
|DeVry University is relocating to King of Prussia from space in Chesterbrook Corporate Center in Wayne, and nearly doubling its size.
The school, which is operated by DeVry Inc., leased roughly 13,000 square feet at Courtside Square, which is a mixed-use complex at 150 Allendale Road.
The school had been in about 7,400 square feet at 701 Lee Road. The move gives the school increased access to transportation, such as bus lines, and better exposure, said Steve Cousart, a broker with CB Richard Ellis who represented DeVry in the transaction.
The lease brings Courtside Square up to 90 percent full, said Michael Willner, president of Willner Properties, which owns the building that sits across from the King of Prussia Mall. “This is a big lease for us,” Willner said. Other tenants in the complex include E*Trade Financial, Melting Pot, Verizon Wireless and Fidelity investments.