Corporate HQ of Telerx, Inc. to Move to 45,000 SF at 410 Horsham Road

HORSHAM, PA — Telerx, Inc., a subsidiary of Merck & Co., has leased some 45,000 square feet of the 88,000 square foot office building at 410 Horsham Road here in a long-term agreement that will relocate Telerx from approximately 50,000 square feet the firm has occupied at 723 Dresher Road.

Mike Mahoney and Tim Morris, brokers with Newmark Grubb Knight Frank, represented building ownership in negotiating the 8-year agreement, while Scott Miller of CBRE represented Telerx in finalizing the terms of the space contract, for which no aggregate rental was disclosed.

Steve Perna and Matt Frederick, principals of PernaFrederick Commercial Real Estate, purchased 410 Horsham Road in 2015 from First Niagra Realty of Buffalo, NY for $2,450,000 and have completed extensive renovations on the property.

Commenting on the lease Perna said; “We’re very pleased to have Telerx coming to our building and are looking forward to creating a productive and exciting workspace for their employees”.

Situated on 7.6 landscaped acres with expansive exposure to Route 463, 410 Horsham Road offers the opportunity for monument tenant signage to the over 31,000 cars daily and has abundant on-site parking, as well as access to the Horsham Athletic Center and other area amenities.