JENKINTOWN, PA-Within nine days the bank REIT acquires 98 branches in North Carolina and 31 in Ohio from two Pitney Bowes' Prefco portfolios. Both are leaseback transactions to Bank of America and KeyBank, respectively.
WYOMISSING, PA-With creation of a new post, VP of public affairs, and the hiring of PR veteran Eric Schippers, the casino and racetrack owner/operator plans to raise its profile among lawmakers and the public.
NORRISTOWN, PA-The supplier of medical computer systems fills all 14,380 sf of an Archon-owned building at Pinebrook Business Center here. The physical therapy provider triples its space at One Bala Plaza in Bala Cynwyd.
HARRISBURG, PA-In Philadelphia, Spring Garden College will be converted into a 56-unit senior complex and a 60-unit development will rise on Monument Road. Projects in Delaware, Allegheny and Butler counties also receive funds.
POTTSTOWN, PA-Shaun Realty, a unit of JDR Fixtures, acquires the manufacturing plant on Shoemaker Road here. The asking price was $1.3 million. Meanwhile, a lab facility in Aston, PA is offered for sale or lease.
PHILADELPHIA-Jay Shah's promotion to president and COO of the hotel REIT heads a list of appointments and other administrative changes at companies here. In addition, Berwind adds the BPG moniker to property management and RAIT names a new VP.
PHILADELPHIA-James Blue and Leonard Wolf head the team. An initial assignment of the retail specialty firm's office here is pre-leasing Valley Square Bucks County, a 500,000-sf property scheduled to open in Warrington, PA in early 2005.
WAYNE, PA-The Wyndham Valley Forge Suites is one of three Wyndham-branded properties the owner has sold this year. While the other two remain under Wyndham management, this facility keeps its name under management by the new owner.
WAYNE, PA-The locally based firm ends a three-year affiliation with Chicago-based Oncor International to link up with Oncor's Evanston, IL-based rival. Smith Mack adds GVA to the front of its name--ownership remains the same.
BETHLEHEM, PA-Making good on its promise to expand here, the locally based builder/developer buys a 45,600-sf industrial building on City Line Road. The seller will lease it until 2004.