Previously a sub-tenant, Health Market Science expands its space as it chooses to grow with Liberty
MALVERN, PA - May 6, 2008 — Liberty Property Trust (NYSE:LRY), which owns and manages more than 15 million square feet of office and industrial space in southeastern Pennsylvania, today announced that Health Market Science, Inc. (HMS) has signed a long term lease for 45,000 square feet of office space at 2700 Horizon Drive in King of Prussia. The tenant will occupy the entire building.
Health Market Science, Inc. is a leading supplier of healthcare provider data in the United States. It has been subletting 25,063 square feet of space in the building since 2004. When the balance of the building became available for lease, HMS was able to secure the space for a much-needed expansion.
"We have been very pleased with Liberty's service and attention to detail. Although we did look into alternative locations to manage our growth, our comfort level with Liberty gave us the confidence to take the entire building," said Vince Dolan, CFO, Health Market Science, Inc.
The property is located within centrally located Renaissance Park, in close proximity to I-76/Schuylkill Expressway, I-476/The Blue Route and the I-276/PA Turnpike. Renaissance Park is minutes away from the King of Prussia Mall and the unique restaurants of Conshohocken. The wooded setting contains more than one million square feet of office and flex space with land for future development. Amenities include: Septa bus stop, daycare, food services, NovaCare Rehabilitation and Physical Therapy Center as well as walking and fitness paths. Major tenants include Trion, Yellow Book, Merion Publications, Elan and GlaxoSmithKline.
About Liberty Property Trust
Liberty Property Trust (NYSE:LRY), headquartered in Malvern, PA, is dedicated to enhancing people's lives through extraordinary work environments. The real estate investment trust (REIT) serves customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties.
Liberty's 75 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at 700 office, distribution and light manufacturing facilities. The company is a leader in the development of high performance green buildings. Liberty has been serving the eight-county Philadelphia region for more than 35 years. For more information visit www.libertyproperty.com.
About Health Market Science, Inc.
Health Market Science (HMS) is the leading manufacturer of healthcare reference data in the United States. HMS has developed unique technology and expertise to continuously acquire, analyze, and integrate over 2,500 distinct data sources to create and maintain the single most comprehensive and accurate source of healthcare provider information available today. The HMS Master File™ includes detailed reference information for over 4.5 million practitioners and 1.0 million healthcare organizations.
Serving all segments of healthcare with over 200 clients, including pharmaceutical, biotech, medical device, pharmacy chains and independents, payers, providers, pharmacy benefit managers, HMS leverages its database to cleanse and enhance customer provider files and to provide information needed for billing, registration, credentialing, claims adjudication, and network development.
Recognized two consecutive years by the Inc. 500 and the Deloitte Fast 500 as one of the fastest growing private companies in the United States, Health Market Science is located in King of Prussia, PA. For more information, visit www.healthmarketscience.com.
Director, Marketing Communications
Robbie Tarpley Raffish