International Plaza Occupancy Hits 80%

PHILADELPHIA-With the signing of two new lease agreements, occupancy in International Plaza, the two-building, 488,500-sf office complex in East Tinicum Township, adjacent to Philadelphia International Airport, rises to 80%. The new tenants are locally based Gemino Healthcare Finance Inc. and Appleton, WI-based Air Wisconsin Airlines Corp.

The leases aggregate 10,537 sf and are valued at in excess of $1.1 million. Gemino will occupy 4,373 sf in One International Plaza, and Air Wisconsin has taken 6,164 sf in the adjacent building Two. Amerimar Enterprises, which is headquartered here, acquired the property for about $60 million in November 2005 in joint venture with New York City-based Angelo Gordon & Co.

Thomas Kramer and Eric Gorman of locally based Jackson Cross Partners LLC handle leasing at International Plaza for Amerimar and represented the owner in both negotiations. The duo also represented Air Wisconsin in this transaction, and Jim Mullarkey of Wayne-based GVA Smith Mack represented Gemino.