Rubenstein Partners’ Chesterbrook office campus has scored a new tenant for the 41,700 square foot building at 965 Chesterbrook Blvd: equipment insurance provider HSB, writes Noah Zucker for BisNow.
Currently based in Wayne, Hartford Steam Boiler, otherwise called HSB, is subsidiary of German firm Munich Reinsurance Co. The move to Chesterbrook is a relocation of services.
Rubenstein bought the complex in 2019 and recently received a $127 million loan to refinance it. They have invested money in redesigns and construction of a new amenity center, which also has a gym inside.
“They’ve done a lot to spruce that up,” said Daniela Stundel, Savills Philadelphia Research Manager, about the property. “There’s your flight-to-quality story.”
The campus is near Chester Valley Trail, and the two closest SEPTA stations are in stations at Paoli and Daylesford.
HSB signed the lease in January and will move into Chesterbrook in the summer.
Read more about Rubenstein Partners acquiring another tenant at its office campus at BisNow.
______
