Chesterbrook
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Eight Chester County Towns Crack the Top 100 Best Places to Live on the East Coast
Chester County is home to eight towns that are among the 100 best places to live on the East Coast, writes Elisa Fernández-Arias for Stacker. To compile the list, Stacker used the 2022 data from Niche. The factors used to determine the ranking included the population and median household income. Chesterbrook was crowned as the…
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Chesterbrook Campus Leases Office Building to New Tenant with International Connections
Rubenstein Partners’ Chesterbrook office campus has scored a new tenant for the 41,700 square foot building at 965 Chesterbrook Blvd: equipment insurance provider HSB, writes Noah Zucker for BisNow. Currently based in Wayne, Hartford Steam Boiler, otherwise called HSB, is subsidiary of German firm Munich Reinsurance Co. The move to Chesterbrook is a relocation of services.…
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Traditional Marketing Metamorphoses Into Brand Growth Through This Chesterbrook Collective
Business partners and moms Kristen Hogan and Rachel Smith saw a gap in traditional marketing company and made it their mission to fill it, creating the collective Monark & Co. in Chesterbrook, writes Anne E. Hill for Main Line Today. As two working moms with backgrounds in retail and e-commerce sectors such as lifestyle, beauty,…
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With Leasing Momentum, Rubenstein Partners Nabs $127M Refinancing for Chesterbrook Campus
Rubenstein Partners has obtained $127 million in refinancing from Waterfall Asset Management for its 1.1 million-square-foot office campus in Chesterbrook, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-building property off Duportail Road, near the Chesterbrook Road and Route 202 intersection, is currently 50 percent occupied, according to Rubenstein Vice President Brian Simel, but occupancy is expected to climb to 66 percent…
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Chesterbrook’s Persevere Therapeutics Raises $1.57M, Acquires Cancer Drug in Stealth Exit
Chesterbrook-based Persevere Therapeutics marked its emergence from stealth mode last week with completed equity financing and product acquisition, writes John George for the Philadelphia Business Journal. Focused on developing cancer treatments, the biotechnology startup raised $1.57 million in a seed financing round. A Securities and Exchange Commission filing shows that the company is looking to…
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Amish Builders Restore Monument to American History in Chesterbrook
Pennsylvania’s oldest bank barn, located at the DuPortail House in Chesterbrook, has been restored by a team of Amish builders from near ruin to its former glory, writes Ryan Richards for Main Line Media News. The efforts to restore the grand old barn built in 1792 were led by Luigi DiFilippo, president of DuPortail House.…
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This Chesco Town Tops List of 20 Best Suburbs to Live in 2025
Chesterbrook has come out on top as the best suburb to live in 2025 if you want to escape the city, writes Kristine Villarroel for Business Insider. Niche ranked the best suburbs based on a variety of factors, including cost of living, crime rates, employment rates, access to bars and restaurants, commute times, and ethnic…
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Chesterbrook-based Trevena Reduces Workforce, Continues to Evaluate Future Options
Chesterbrook-based Trevena, which was delisted from NASDAQ last month, has brought its workforce down to four full-time employees and is currently evaluating the options for its future, writes John George for the Philadelphia Business Journal. The biopharmaceutical company started the year with 23 people on staff and trimmed 35 percent of its workforce in May.…
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Rubenstein Partners Brings Occupancy Up to 62 Percent at Chesterbrook Office Campus
Since the summer, Rubenstein Partners has added 131,000 square feet in leases at its Chesterbrook office campus, bringing the occupancy up to 62 percent, writes Paul Schwedelson for the Philadelphia Business Journal. The deals include a lease for 36,000 square feet signed by Arcfield, a government defense contractor, and a deal with a financial services…
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Chesterbrook’s Aclaris Therapeutics Enters $31.5 Million Royalty, Milestone Payments Deal
Chesterbrook-based Aclaris Therapeutics has agreed to sell $31.5 million of its future Eli Lilly and Co. royalty and milestone payments to a Canadian pension plan, writes John George for the Philadelphia Business Journal. As part of the deal, the biopharmaceutical company will receive upfront payments of $26.5 million from the Ontario Municipal Employees Retirement System.…
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Chesterbrook Software Firm Boomi Officially Relocates to Conshohocken
Software firm Boomi officially finalized the relocation of its headquarters from Chesterbrook to Conshohocken earlier this week, writes Ryan Mulligan for the Philadelphia Business Journal. The company’s new home spans 42,000 square feet across two floors and has room for around 160 employees. The move, which is the company’s largest real estate investment to date,…
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Chesterbrook’s Aclaris Therapeutics Parts Ways with CEO, Initiates Strategic Review Following Setbacks
Chesterbrook-based Aclaris Therapeutics has parted ways with its CEO and has started a strategic review after the recent setbacks with two of its new drug candidates, writes John George for the Philadelphia Business Journal. Dr. Douglas Manion resigned as president and chief executive officer of the biopharmaceutical company last week. He had served in those…
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Despite Residents’ Efforts to Save Historic Building, Chase Barn in Chesterbrook Gets Demolished
Despite the efforts of residents to save the historic Chase Barn in Chesterbrook, the developer has proceeded with the demolition of the structure, writes Holly Herman for the Patch. The property owner, Finery of West Chester, obtained a township permit to remove the barn at 355 Chase Road on April 17, 2023. Recently, contractors, West…
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Chesterbrook-Based Investment Firm Raises Millions for Small Businesses
A Chesterbrook-based investment firm raised millions of dollars to support new businesses. Hidden River Strategic Capital wants to support underserved clients, including small businesses. The $245 million of funds aims to accomplish that goal, writes Jeff Blumenthal for the Philadelphia Business Journal. Chief Operating Officer Steve Gord said that the fund includes businesses across multiple…
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Johnson & Johnson Subsidiary Vacates Chesterbrook Office Building
Johnson and Johnson subsidiary Janssen is vacating its office building in Chesterbrook after several decades. The company occupied the entire three-story, 131,068 square foot building, writes Paul Schwedelson for the Philadelphia Business Journal. Spokeswoman Jennifer Norton said the move is due to the proximity of other offices and the accommodation of employees. She did not…
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Chesterbrook Co-working Space Sees Burgeoning Occupancy
A 20,000-square-foot coworking space in a 14-building Chesterbrook campus is now 90 percent leased, writes Paul Schwedelson for the Philadelphia Business Journal. Philadelphia-based Rubenstein Partners opened up the space Flex less than a year ago. The building underwent a $10 million transformation and now has a fitness center, indoor and outdoor lounge. “We’ve got this amenity…
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Chesterbrook Tech Company Plans to Cash in on A.I. Boom
A Chester County tech company is booming in success. Chesterbrook-based Boomi’s new CEO, Steve Lucas projects that the company could hit the $1 billion mark in the near future, writes Ryan Mulligan for the Philadelphia Business Journal. The software company offers tools to allow companies, colleges, and organizations to collect data with its cloud…
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Berwyn Fire Co. to Create “Substation” in Tredyffrin for Speedier Service
Berwyn Fire company’s expansion is heating up! Tredyffrin township approved its $1.8 purchase of a property owned by Boy Scouts of America, writes Holly Herman for The Patch. This space will be used for its substation to provide faster service to Chesterbrook, Glenhardie and the Swedesford Road corridor. The fire company plans to use…
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