HERE NORTH AMERICA, LLC, formerly known as Navteq North America, LLC, has subleased 46,972 rentable square feet of its leased space at 1000 Cedar Hollow Road in Malvern, PA to CARDIONET, INC. The sublease will commence January 1, 2014 and terminate on March 30, 2021.
CBRE, Inc. and Colliers International represented the Sublandlord in this transaction. Cresa represented the Subtenant.
CardioNet will use the space as its corporate offices and service center, subsequent to the expiration of its lease in Conshohocken, PA. The company lists its address in Conshohocken at 227 Washington St.
1000 Cedar Hollow Road in Malvern is located on the North side of Rt. 202 directly facing Swedesford Road just East of the Rt. 29 interchange, according to LoopNet. It is adjacent to the amenities offered at the Great Valley Corporate Center.
In May 2010, SSH Real Estate, along with Grubb & Ellis, reported NAVTEQ had signed a 45,000 SF lease at 1000 Cedar Hollow Road in Malvern, PA. SSH Real Estate said Exeter Property Group acquired 2476 Swedesford Road and 1000 Cedar Hollow Road in Malvern, a two-building, 356,000-square-foot complex now called Great Valley Commerce Center, and launched a $30 million redevelopment of the properties, which were formerly used by Unisys.
CardioNet is a provider of ambulatory, continuous, real-time outpatient management solutions for monitoring relevant and timely clinical information regarding an individual’s health.