Auto Lending Tech Firm Takes 26K SF Lease in King of Prussia Office

Source, GlobeSt.com, Steve Lubetkin

KING OF PRUSSIA, PA—Sagent Lending Technologies, which develops automotive, mortgage, and consumer loan servicing and origination technology, signed a new, 26,588-square-foot lease at 1000 Continental in King of Prussia, PA. The property is owned by KBS, a non-traded real estate investment trust based in Newport Beach, CA.

“1000 Continental is an ideal place for tenants to attract talent and customers from across the region. The East Swedesford Road Corridor has blossomed into a true live-work-play environment,” says Shannon Hill, senior vice president for KBS and asset manager for the property. “Sagent Lending Technologies is poised for success at the property, and we look forward to working with them.”

The office property is a class A, award-winning building that is Wired Certified through WiredScore for meeting the highest standards of technological superiority in connectivity and infrastructure. The structure provides 205,424 square feet of total rentable space and 45-foot column spacing. The property is also equipped with a fitness center, gourmet café, tenant lounge, on-site security and covered parking.
Located at the intersection of the Pennsylvania Turnpike and I-76 in King of Prussia, 1000 Continental provides direct access to and from both highways. The property is also convenient to the King of Prussia Town Center and Wegmans, and offers transportation through the SEPTA bus service.

John Perkins and Chris Werner of Jones Lang LaSalle represented Sagent Lending Technologies and Stephen Kriz of CBRE represented KBS in the transaction.