Swiss and Chinese life science companies have leased a 110,000-square-foot lab and flex space building that is currently under construction in Exton’s Eagleview Town Center, writes Paul Schwedelson for the Philadelphia Business Journal. 

Medical packaging company Früh Verpackungstechnik AG, based in Fehraltorf, Switzerland, will occupy 63,500 square feet in the new building, while China’s Frontage Laboratories, which provides product development services to companies developing drugs, will move into 46,500 square feet. 

According to Hankin Group, Eagleview’s developer, the total cost of the building is $40 million. The terms of the two leases were not disclosed. 

Früh is planning to create several hundred new jobs at the Eagleview site, said Chief Sales and Marketing Officer Thomas Good. 

“We are following the customers’ voice,” he said. “We already do business in significant numbers with the American market. Customers have asked why not provide the service for medical devices in the U.S.?” 

Hankin Group plans to have the first phase of the building ready in the fall of 2023 for Früh, with it becoming operational by the end of 2023 or early 2024. Frontage’s phase of the building will be finalized in the second quarter of 2024. 

Read more about Eagleview Town Center in the Philadelphia Business Journal.