Scott Henderson comes to Duke Realty after four years as senior vice president with Nappen & Associates, a privately held Philadelphia-based industrial real estate development firm.

Despite the rising rents, vacancy rates remained stable at about 14.5%, CBRE's research says, although class A vacancy rates declined from the third quarter.

Jefferson Health is the largest provider of healthcare in Philadelphia. Its recent acquisitions have included Einstein Health and Kennedy Health in South Jersey.

Property upgrades and redevelopments bolstered average asking rents to new highs.

New Jersey's largest transit hub office complex is now under ownership by a single joint venture, which has plans for a significant repositioning of the Gateway Retail Concourse.

J.G. Petrucci has acquired an industrial flex building and a six-acre development site that expand the variety of commercial and industrial real estate options it can offer clients.

“Recently we have seen a surge in interest in the Old City sub-market, which makes sense given its accessibility and proximity to the CBD," says Chris Egan, a senior associate at RRA.

The properties will be remediated and returned to commerce, as HRP plans a second life for both sites as warehouse distribution hubs.