PHILADELPHIA-Maritrans, the sea-going transportation company, sells 21 acres of vacant land on Essington Avenue for more than $2 million. The parcel is near the Auto Mall and Philadelphia International Airport.

HARRISBURG, PA-The combination of loans and tax credits from the state housing finance agency jump-starts French Creek Manor, a three-story complex in Phoenixville, PA. On completion, its value will be $8.4 million.

PLYMOUTH MEETING, PA-The REIT offers 2.25 million shares of common stock at $25.29 a share through Legg Mason Wood Walker and McDonald Investments. Proceeds will buy a 248,000-sf office property and/or pay down debt.

PHILADELPHIA-Berwind closed out its second and third real estate funds, totaling $66 million and $110 million, respectively, in equity commitments. It's currently investing in Fund VI, a $384-million equity fund.

PHILADELPHIA-With commitments for more than 100,000 sf from both Home Depot and BJ's Wholesale Club and a slew of smaller-space retail leases, the $100-million shopping center on 44 acres in South Philly gets under way.

KING OF PRUSSIA, PA-The recruiter of patients for clinical medication trials pays just over $1 million to Glassport, PA-based Tube City, which relocates to 4,800 sf at 300 Four Falls Corporate Center in West Conshohocken, PA.

PHILADELPHIA-The Peninsula, a 30-story tower, the first of five in Waterfront Square, a 780-unit condo development planned for 9.6 acres at Piers 36-39, begins marketing units priced from $220,000 to more than $1.5 million.

HORSHAM, PA-Michael Squillante, former VP of ING Direct, and Frank Madden, former SVP of loan administration at Cenlar, are named VP of customer operations and director of quality assurance in the lender's loan servicing group.