PHILADELPHIA-The conjoined neoclassical and brutalist style buildings total 849,308 sf of class A office space across from Independence Square. The property is 85.9% occupied, and the asking rental rate is about $22 per sf.
BLUE BELL, PA-The Cranford, NJ-based REIT buys Four Sentry Parkway, Progress Financial's 63,930-sf headquarters building, for $10.2 million under an agreement struck prior to the Progress/FleetBoston merger.
WEST CONSHOHOCKEN, PA-San Francisco-based Wells Fargo Bank underwrote the loan and expects to syndicate it in the future. It has a five-year term and a variable interest rate that ranges from Libor plus 1.35% to Libor plus 1.75%.
BLUE BELL, PA-The global provider of market intelligence to the pharmaceutical industry expands to 75,755 sf in two of the three class A buildings at 960 Harvest Dr. here. REIT Management & Research owns the buildings, designed by Lynch Martinez Architects.
ALLENTOWN, PA-Acquiring the single-story building at 7108 Daniels Dr. from Wallace Computer signals the company's growing stake in the Lehigh Valley. The price is undisclosed, however area brokers tell GlobeSt.com the market rate is about $40 per sf.
ALLENTOWN, PA-Acquiring the single-story building at 7108 Daniels Dr. from Wallace Computer signals the company's growing stake in the Lehigh Valley. The price is undisclosed, however area brokers tell GlobeSt.com the market rate is about $40 per sf.
WEST CHESTER, PA-The locally based for-profit education provider sells its charter school in Desert Heights, AZ for $3.9 million and raises $3 million by selling stock to four investors at $5.10 a share.
PHILADELPHIA-Penn's Landing Corp. unveils to the public four rivals' plans for the Delaware riverfront parcel that has defied development for three decades. One vision expands across I 95 and carries a $3 billion price tag.
EAST BRADFORD, TWP., PA-The land, which skirts the Bryn Mawr, PA-based water company's Morrison Coulter treatment plant, will provide a trail easement and corridor for wildlife and passive recreation.
YORK, PA-The existing sales contract for the food distribution center on 25.5 acres here is subject to a better offer. Keen Realty, a specialist in dispositions for bankrupt companies, will auction the property October 14.