SkyREM Announces Long-Term Lease with Lockheed Martin
We are pleased to announce a new long-term lease with Lockheed Martin (NYSE: LMT) for 50,000 + SF at the Allendale Business Park in the King of Prussia, PA, Market. Lockheed Martin is an American aerospace, defense, arms, technology, and information security corporation. The company is currently in 48th place as a Fortune 500 company, has revenues exceeding $67 billion, and has 114,000 employees.
At a time when national security and scientific innovation are an essential focus of the nation, having Lockheed Martin located at Allendale Business Park is something we are incredibly proud of. We welcome Lockheed Martin as a critical addition to the growing number of businesses and services we accommodate at the Allendale Business Park.
Allendale Business Park
Allendale Business Park is a commercial and industrial business space situated in a high-demand area called the King of Prussia (KOP). This area is conveniently located along the I-276 and I-75 and is 20 miles northwest of Philadelphia’s city center. The site is host to some high-profile retailers, including Walmart, Wegmans, Target, Wawa, and the King of Prussia Mall, known as one of the largest shopping centers in the U.S.
The KOP area contains some of the nation’s best schools and entertains exciting year-round events in a quiet and relaxing atmosphere. Within a short distance of the Valley Forge National Historical Park and Schuylkill River, many enjoy the outdoor recreation that the area parks offer.
The Allendale Business Park provides move-in-ready, high-end offices, labs, and a large warehouse space. These prime spaces are available for lease from SkyREM. Lockheed Martin now calls Allendale Business Park home, showing the continued influence of this exceptional area and property, and the strength and growth of the local market.
About SkyREM
SkyREM LLC is a privately funded and managed real estate company with offices in New York City and Philadelphia. We own and operate an extensive and diversified portfolio of properties across the United States.
Several national and regional tenants currently lease our properties. Due to the proximity to our Philadelphia office, we can support the management and leasing of the assets. Adding Lockheed Martin to our list of business tenants is an exciting step.
We are pleased to be able to continue to add tenants that provide value to our company, build a dynamic portfolio, and help support the thriving area of King of Prussia and the Allendale Business Park.
