HARRISBURG, PA-The Columbus, OH-based REIT pays $5.5 million, or about $14.76 per sf, for an outstanding 50% joint-venture interest in the 745,394-sf enclosed regional mall near here. The mall has a $34.3-million mortgage at 7.73% interest, which matures in 2007.
PHILADELPHIA-The Newtown Square, PA-based marketing research firm has doubled its space at the six-building, 325,000-sf Newtown Square Corporate Campus, owned by Brandywine Realty Trust. Terms are undisclosed. The average asking rental rate is about $21.50 per sf, according to GlobeSt.com research.