The US General Services Administration (GSA) recently signed a 10-year lease for 52,900 square feet at 11620 Caroline Road in Philadelphia. The building is part of the Philadelphia Industrial Park. The total lease value came to approximately $8.4 million. Frank J. Cullen, president, Realty Group East, handled the transaction for Binswanger/CBB who represented the landlord, HB Properties LP. GSA negotiated on behalf of the tenant, the U.S. government.