The investment takes advantage of "a tight submarket with limited bulk availabilities and a lean construction pipeline," says Chris Sterling, vice president at TIG.

“This portfolio of properties provides us a unique opportunity to control an irreplaceable block of class A office product across three recently renovated and repositioned assets that cater to diverse users,” says Charley McGrath, MRP's Philadelphia managing director.

“We believe that Makefield Crossing will become an even more compelling office destination following our planned improvements,” says Lou Merlini, vice president of asset management at Rubenstein.

Listen to our exclusive audio interview about how virtual reality technology is speeding design and development of approximately 220 residences in the year-round, live/work/play community in Greater Green Bay.

“We knew introducing a fun and contemporary residential address such as SOMA would satisfy the hunger for a modern building that's a quick walk from all that makes this Somerset County borough so attractive,” says Nick Hollenbeck of Sterling Properties.

“Steve is an industrial veteran with an impressive amount of experience in the important Philadelphia and Lehigh Valley submarket,” HFF's Rusty Tamlyn says.

“Investors from New York and Philadelphia are starting to look toward the Lehigh Valley as a means to obtain higher yields where demographics continue to improve, and development is picking up,” says Marcus & Millichap's Daniel Bernard.

“The borrower has more than 40 years of real estate development, acquisition, disposition, and management expertise,” says Hunt's Greg Cazel.