ALLENTOWN, PA-CD Realty Advisors acquires the fully-leased, class A office/flex complex from California-based Glenborough Realty Trust for an undisclosed price. Tenants include Wells Fargo, Kraft Foods and Dun & Bradstreet.
AMBLER, PA-The Lippincott Williams & Wilkins division of Wolters Kluwer Health takes the lion's share of Brandywine Realty Trust's 76,287-sf Building B here on Norristown Road while also maintaining offices in Philadelphia.
KING OF PRUSSIA, PA-Approximately 25,000 sf of office/flex space at 600 Clark Ave. here is offered at $11.25 per sf. In nearby Malvern, a 12,400-sf industrial/flex property offers a blended rate of $10 per sf.
HORSHAM, PA-After providing financing for the acquisition of 17 medical office buildings three years ago, GMACCM restructures a $141-million loan. Merrill Lynch refinances another $34 million on three properties.
PITTSTON, PA-The funding contributes to the rehabilitation of the four-story Saint Gabriel Apartments at 13 William St. here into 16 units for formerly homeless people. The 21,400-sf structure will include community space.
BERWYN, PA-In a hopeful sign of rising demand, four growing companies ink agreements for an aggregate of approximately 17,000 sf of outsourced office space from Regus Business Centres in the Westlakes Office Park here.
LITITZ, PA-Patriot's offices in the high-growth counties surrounding Philadelphia are cited as particularly enhancing to Susquehanna. Patriot's 20 offices make Susquehanna the fifth largest banking firm headquartered in the state.
KING OF PRUSSIA, PA-With a Dec. 15 deadline to sell its FAO Schwarz and Right Start businesses looming, bankrupt FAO, Inc. puts Zany Brainy leases ranging from 6,093 sf to 15,520 sf out for bid.
PHILADELPHIA-As the $24-million acquisition of 142,000-sf Columbus Crossing, its fourth local property, reaches completion, the REIT inks an deal to buy Sunset Crossings, a 75,000-sf shopping Center, for $11.2 million.
BRISTOL, PA-Funding from the commonwealth's Redevelopment Assistance Capital Program will convert a 2,900-seat high school football stadium into a revenue-producing, 5,000-seat multipurpose recreational complex.