MALVERN, PA-The locally based REIT, which trades on the NYSE as LRY, is issuing 2.7 million shares with an over-allotment option of 405,000 shares. On Dec. 10, LRY shares opened at $38.40.
CHALFONT, PA-Having secured a seven-year lease for 22,500 sf with Bohler Engineering, BPG will break ground for the first of three 50,000-sf buildings in Phase I of its planned 475,000-sf office and R&D complex here.
VALLEY FORGE, PA-The first phase of Riverview at Valley Forge, a mixed-use community on the 64-acre site of "Lubinville," a historic 1915 film studio, begins. It includes construction of a 602-unit multifamily complex.
TREVOSE, PA-Ventura Commercial Mortgage arranged financing for the three-story, 69,066-sf, class A office building at 900 Northbrook Drive here. Tenants at the 94% leased facility include Yum! Brands and H & R Block.
BENSALEM, PA-Newark InOne and Full Spectrum Lending take an aggregate 8,942 sf and join Strayer University in the Phase I, four-story, 127,000-sf class A property at O'Neill Properties' $100-million development here.
JENKINTOWN, PA-Shurgard Storage Centers takes 48,000 sf for 20 years; South Trust Bank signs up for 10 years in Richmond, VA, and RBC Centura inks six bank branch leases. A non-core sale brings in $3.4 million.
PLYMOUTH MEETING, PA-Berlin brings 15 years of shopping center leasing experience from posts with Glimcher, Mills Corp., and PREIT to Kramont where she's responsible for leasing the REIT's Bristol, PA and New Jersey centers.
CONSHOHOCKEN, PA-The first phase of Riverwalk at the Millennium, a 375-unit multifamily complex in four four-story buildings, will join the three existing office buildings in the planned community under development here.
PHILADELPHIA-Dave Perrotta, a 20-year veteran of historic conversions here, joins Jeffrey M. Brown Associates' team of project executives. He is currently overseeing Metro Development's conversion of Hawthorne Suites.
NEWTOWN SQUARE, PA-Acquisition of the military family housing division of J.A. Jones, which is in Chapter 11, adds Fort Carson in Colorado and Forts Eustis and Story in Virginia to GMH's existing six-property military housing portfolio.