Spring House Innovation Park sees boom in leases

Spring House Innovation Park is the former 133-acre Rohm and Haas Co. campus in Lower Gwynedd. (Photo courtesy of Spring House Innovation).

James T. Wright was in charge of setting up a new office for Evertree North America Inc. and his focus was on the Philadelphia area.

Evertree’s parent, Avril Group of France, selected the region for some of its obvious strengths, Wright said. It has a growing tech scene, it’s located in the Eastern Time Zone, has access to an international airport, a strong labor pool and the cost of living is reasonable compared with other cities of the same scale. Once Philadelphia was zeroed in on, the question became where in the region to locate, writes Natalie Kostelni in the Philadelphia Business Journal.

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“We looked at this whole area,” said Wright, who is CEO of Evertree North America.

The company settled on the Spring House Innovation Park, which is known as the former 133-acre Rohm and Haas Co. campus in Lower Gwynedd. Evertree North America signed a lease on 8,663 square feet.

Evertree is one of a handful of companies that recently took space at the renamed Spring House Innovation Park, which is a reference to the area of Lower Gwynedd in which the campus is located. Clinlogix, a clinical research firm that had been in space off Norristown Road in Ambler, signed a lease on 15,525 square feet.

JeanMarie Markham, CEO of Clinlogix, was looking for a space where the company could grow and the campus and MRA’s plans played into Markham’s decision to locate there.

“We have a huge brain trust in the Philadelphia area and so much of it gets lost to Boston and other areas,” she said. “One of the big problems and issues we have is we don’t have a lot of lab incubator space for small companies and that’s why we are there.”

To read the complete story click here.

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