Monday, August 3, 2015

Pet insurer leaves Airport to grow in Newtown Sq.

No room at Amerimar's Int'l Plaza, so we're going to Equus campus, says Petplan's Chris Ashton

Pet insurer leaves Airport to grow in Newtown Sq.

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Petplan, the fast-growing dog and cat veterinary insurer (corrected) run by British expats and Wharton grads Chris and Natasha Ashton, is moving with its 90 employees from International Plaza (the old Scott's Paper headquarters just off I-95 in Tinicum Township, just south of Philadelphia) to the BPG/Equus Capital Partners corporate complex in Newtown Square at the wealthy northern end of Delaware County.

Why? Chris Ashton tells me Petplan liked the airport complex, run by real estate investors/managers Amerimar Enterprises -- but it didn't have room for the company to grow. Amerimar's Gerald Marshall confirms the building, which suffered vacancies in its airport-related businesses when corporate travel dropped in the 2008-10 recession, is now "99 percent" leased, largely by affiliates of Independence Blue Cross -- though he adds that Petplan was welcome to stay in its current space.

Ashton says he and Natasha are also glad they'll have access to the green grounds of the former Charles Ellis School complex in Newtown Sq., so their dogs can run around there.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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