WEST CONSHOHOCKEN, PA-The national outsourcing firm's relocation from Bala Cynwyd represents the first major transaction at 300 Four Falls here. Judge will move into the seven-story, 290,000-sf trophy building in January. Aggregate value of the transaction is $10 million.
PHILADELPHIA-Three separate announcements signal shifts in the retail landscape. Philly's own Manny, Moe & Jack will close 33 stores. York, PA-based Bon-Ton offers to buy Elder-Beerman, and Haru Sushi will make Chestnut Street its first location outside New York.
PHILADELPHIA-Two separate transactions in the western suburbs suggest small companies are strengthening that market. An Internet-based service firm expands to 6,000 sf in Malvern's Valleybrooke Center, and a wholesaler acquires an industrial condominium in Downingtown for $76 per sf.
CONSHOHOCKEN, PA-Days after the CB Richard Ellis acquisition of Insignia/ESG, Karen Daly-Smith, former executive managing director of I/ESG's Philadelphia-area office, is named SVP of TC's regional office here. She will focus on property management and corporate client services.
PHILADELPHIA-King of Prussia, PA-based Morgan Properties assumes the remaining wholly owned properties in the REIT's 19-property portfolio for approximately $81.4 million, including $33.8 million in debt. PREIT expects to complete the sale of two remaining joint-venture multifamily assets this quarter.