PHILADELPHIA, PA | February 13, 2025—Ensemble Investments (Ensemble) is pleased to announce that TE Connectivity (NYSE: TEL) (TE), a global leader in connectors and sensor solutions, has signed a long term lease for 680 E. Swedesford Road in Wayne, Pennsylvania. The company will occupy 50,000 square feet on the first and second floors, representing approximately half of the 102,000-square-foot four-story building.
TE designs, engineers, and manufactures a broad range of products that enable the distribution of power, signal, and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology, and more. With annual revenues of approximately $16
billion and a global workforce of more than 85,000 employees, TE has been at the forefront of technological innovation for over 80 years. The company was recently named to Fortune magazine’s Most Admired Companies list for the eighth consecutive year.
The strategic relocation underscores the trend of companies choosing to prioritize high-quality, well located office space, which is critical to support the way companies and their employees are working today. The repositioning of 680 E. Swedesford puts it on a short list of buildings across the region offering brand-new Class A quality in an exceptional location. 680 E. Swedesford is in one of the top suburban locations, the vibrant King of Prussia/Wayne submarket, and offers exceptional access to major regional roadways and nearby amenities, making it an ideal location for employees and business travelers alike.
“TE’s relationship with Ensemble Investments is the result of our commitment to delivering best-in-class work environments,” said Mark Seltzer, Managing Director of Ensemble Investments. “TE’s decision to relocate to 680 E. Swedesford Road underscores the growing demand for well-located, high-quality office spaces, which validates our thesis for acquiring both 650 and 680 East Swedesford Road.”
Ensemble’s comprehensive renovation of 680 E. Swedesford Road, which will transform the property into one of the region’s premier Class A office buildings, will be complete by the end of 2025, with TE’s office space completion expected in January 2026. The updates include a striking new façade with floor to-ceiling windows, a modern first-floor lobby, upgraded restrooms, new entrances with enhanced landscaping, complete mechanical replacement, a new roof, and more. With ample parking and high visibility, the revitalized property will set a new standard for suburban office offerings in Greater
Philadelphia. This transformation positions the remaining 50,000 square feet of the top two floors of the building as the highest quality large block of space in the submarket.
TE was represented by Scott Miller (CBRE) in this transaction.
About Ensemble Investments
Ensemble Investments, LLC (Ensemble) is a premier real estate investment, development, and management firm with a proven track record of transforming communities. Since 1989, Ensemble has invested in and developed more than $2 billion in real estate across the U.S., specializing in hospitality, life sciences, corporate office, multifamily, and retail. Headquartered in Long Beach, CA, with offices in Philadelphia and Phoenix, Ensemble is the exclusive developer of a 109-acre mixed-use district at the Navy Yard in Philadelphia. Guided by integrity and a long-term vision, Ensemble creates properties that drive economic growth and enrich the communities they serve. Learn more at www.ensemble.net and follow Ensemble on LinkedIn.
About TE Connectivity
TE Connectivity (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
For more information about leasing opportunities at 650 or 680 E. Swedesford Road, please contact:
Nelson Way
Email: [email protected]
Phone: 610-506-0631
Media Contact:
Tracy Buchholz
267-992-0808
