Chesterbrook
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Chesterbrook Corporate Park Sports $10 Million Makeover with New Amenity Hub ‘Crucial to Procuring Tenants’
Rubenstein Partners, a Philadelphia-based real estate firm, bought the Chesterbrook corporate park three years ago and spent $10 million developing part of it into the Circuit. Now, the company continues to make progress on attracting new tenants and working individuals to the once-vacant office building, writes Natalie Kostelni for the Philadelphia Business Journal. Located at…
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Washington Post: Chesterbrook-Based Insurance Agency Helps Woman Win Case Involving Six-Figure Hospital Bill
When she was scheduling a procedure at one of Centura Health’s hospitals in 2014, Lisa French was told she would have to pay an estimated $1,337 out of pocket, writes Timothy Bella for the Washington Post. However, once the procedure was over, the Colorado resident received a bill of $303,709, with more than $229,000 to…
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Chesterbrook Resident, World-Renowned Listening Expert Wins Axiom Business Book Award
Chesterbrook resident Christine Miles, an author and world-renowned listening expert, has earned a prestigious Axiom Business Book Award for What Is It Costing You Not to Listen? The Power of Understanding to Connect, Influence, Solve & Sell. The groundbreaking book discusses why listening is the most powerful communication skill we have and how maximizing our…
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Chesterbrook-Based Biopharmaceutical Company on Track for Massive Windfall
Trevena, a biopharmaceutical company based in Chesterbrook, has entered into a royalty-based financing deal with an affiliate of R-Bridge Healthcare Fund that could lead to a collection of $40 million, writes John George for the Philadelphia Business Journal. As a result, Trevena’s stock was up nearly 30 percent late last week. Trevena will receive $15 million…
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Chesterbrook Gains Pair of New Tenants in Wake of AmerisourceBergen Vacating the Office Park
Two new leases totaling 40,106 square feet have been secured for Chesterbrook, thanks to real estate firm Rubenstein Partners, writes Natalie Kostelni for the Philadelphia Business Journal. When the Philadelphia-based Rubenstein Partners first bought the office park in the summer of 2019, the occupancy was at 80 percent. It has remained at that level ever…
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French Bank with International Reach Prepares for Hiring Spree After Opening ‘Destination’ Office in Chesterbrook
French bank BNP Paribas has opened a new office in Chesterbrook and plans to augment its current staff of 100 with 300 additional hires over the next three years, writes Natalie Kostelni for the Philadelphia Business Journal. The company intends for the new space to serve as a model for its future offices around the…
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Jones Log Barn to Become Museum at Its New Location in Chesterbrook
The Jones Log Barn was painstakingly dismantled, relocated, and reassembled by preservationists. The structure, one of the oldest barns in the region, is now in Chesterbrook. Now in its new neighborhood, it also sports a new name, indicative of the expanded role its champions hope it fills: The Jones Log Barn Living History Center. Paul…
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Chesterbrook-Based Deacom Acquired by ‘the Right Partner’ to Grow as a Global Platform
Chesterbrook-based Deacom, which creates resource-planning software, has been acquired by a Texas software company, ECI Software Solutions. Based in Fort Worth, ECI provides technology for manufacturers, writes Brian Womack for the Philadelphia Business Journal. Financial terms of the deal were not disclosed. Deacom was founded in 1995 and currently employs around 210 people. Meanwhile, ECI…
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Chester County Home to Four of the 30 Best Places to Live on the East Coast, Including No. 1
Chester County is home to four of the 30 Best Places to Live on the East Coast, writes Meagan Drillinger for Stacker. To compile the list, Stacker used the 2020 data from Niche.com. Among the factors used to determine the rankings were the population and median household income. The title of Best Place to Live…
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‘Focused on Who Was Going to Take Care of Their Baby,’ Dell Sells Chesterbrook-Based Boomi for $4 Billion
Dell has agreed to sell Chesterbrook-based Boomi to private equity firms Francisco Partners and TPG. The transaction values the cloud-based integration platform at $4 billion, including debt, writes Miriam Gottfried for The Wall Street Journal. Dell acquired Boomi 11 years ago. The company, whose software aids in data transfer among apps, is a player in…
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Chester County Home to 12 of the 50 Best Places to Live in Pennsylvania, Including No. 1 in America
Chester County is home to 12 of the 50 Best Places to Live in Pennsylvania, including the No. 1 place in America, according to new rankings from Niche.com. Niche.com based its rankings on data from the U.S. Census Bureau, FBI, Bureau of Labor Statistics, and the Centers for Disease Control — along with user reviews.…
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Chesterbrook-Based AmerisourceBergen to Pay $6.5 Billion for Overseas Drug Distribution Business
Chesterbrook-based AmerisourceBergen is continuing its international expansion with the acquisition of the Walgreens Boots Alliance’s overseas drug distribution business, writes Joseph DiStefano for The Philadelphia Inquirer. The drug wholesaler will pay $6.5 billion for the Alliance Healthcare and the accompanying packaging, shipping, generic drug, and personal-care brands. With this acquisition, AmerisourceBergen has now expanded into…
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Chesterbrook-Based Nonprofit Dedicated to Helping Professionals Find Their Dream Job
Lynne Williams was passionate about the career transition and career management business long before managing the Philadelphia Area Great Careers Group (PAGCG), a nonprofit based in Chesterbrook. Her story and her life experiences from as far back as 1989 have shaped the business leader she is today. Williams brought her skills in finance, human resources…
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Chesterbrook-Based Trevena’s Stock Surges After FDA Approves New Pain Med
Chesterbrook-based Trevena saw its stock surge by 50 percent after the FDA approved its new pain medicine on Monday, writes John George for the Philadelphia Business Journal. The company’s drug, Olinvyk, has been approved for adults for the management of acute pain that requires an intravenous opioid analgesic. Olinvyk was designed to produce a rapid…
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Chesco Home to Four of the 10 Best Places to Live in Pennsylvania, Including the Best Place in America
Chesterbrook is the best place to live in the United States, according to new rankings recently published by Niche.com, writes Nate Doughty for the Philadelphia Business Journal. Niche.com ranked places across the country based on several key factors, including the cost of living, quality of local schools, employment rates, crime statistics, and housing trends, among…
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After Helmet Saved Her Son, Chesterbrook Woman Advocates for Safer Bicycling
After a helmet saved her son Dominick from a serious injury, Karen Nudy Pecora of Chesterbrook became an ardent advocate for safer bicycling, writes Mari Schaefer for The Philadelphia Inquirer. Two years ago, Nudy Pecora received the phone call every mother dreads. A man called to tell her that he had just hit her son…
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Labor Union Sponsors Proposal That Targets Executive Bonuses at AmerisourceBergen
A “bonus deferral” shareholder proposal co-sponsored by the International Brotherhood of Teamsters is taking aim at executive bonuses at Chesterbrook-based AmerisourceBergen, writes Catherine Dunn for The Philadelphia Inquirer. Over the last several years, the company and other opioid distributors and manufacturers have been facing a growing number of lawsuits accusing them of fueling the national…
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Sale of Chesterbrook Corporate Center the Biggest Office Sales Deal in Suburbs Last Year
The sale of the Chesterbrook Corporate Center to Rubenstein Partners for $148.5 million was the biggest office sales deal in the Philadelphia suburbs last year, writes Natalie Kostelni for the Philadelphia Business Journal. The real estate company also plans to invest an additional $50 million into the office park to ensure the decades-old property is…
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