PHILADELPHIA-The Port Washington, NY-based REIT contemplates redevelopment of an 89,000-sf former Montgomery Ward unit and other renovations for the 523,000-sf mall located on 44 acres in Camp Hill, PA. The seller is an affiliate of Connecticut General Life Insurance Co.
PHILADELPHIA-Insurance giant Chubb & Son moves from One Liberty Place to 65,045 sf in the 38-year-old, 20-story office building at 1600 JFK Blvd. that was bought and renovated by Boston-based Leggat McCall in 2001.
PHILADELPHIA-The US sales and distribution arm of the Germany-based athletic footwear and apparel supplier fills three of five buildings owned by Aurora, CO-based ProLogis at Airpark Distribution Center on I-275 and Route 20.
PHILADELPHIA-The US sales and distribution arm of the Germany-based athletic footwear and apparel supplier fills three of five buildings owned by Aurora, CO-based ProLogis at Airpark Distribution Center on I-275 and Route 20.
PHILADELPHIA-The Columbus, OH-based retail REIT sells the 151,242-sf community center in Kent/Ravenna, OH for $62.81 per sf to locally-based Meadowview Properties. The buyer assumes a $7.45-million mortgage on the property anchored by Wal-Mart.
PHILADELPHIA-An unidentified Mid-Atlantic REIT pays locally based BPG approximately $166.72 per sf for the 62,379-sf Union Meeting IV office building, located in a 500,000-sf, eight-building office park. The14-year-old three-story property is 100% leased to five tenants.
PHILADELPHIA-Signaling the growing importance of the Northeast to its future, the Wyomissing, PA-based owner of two racetracks, and 11 off-track-wagering operations in this state alone, names 22-year industry veteran John V. Finamore executive vice president of Northeast regional operations.
PHILADELPHIA-Scott Behrmann and Ed Carr form a private investment sales team within the Columbus, OH office of Los Angeles-based CB Richard Ellis to focus on investment grade properties. Meanwhile, Philip Pelak is promoted to senior associate, office properties group.
PHILADELPHIA-The Malvern, PA-based REIT announces the new president's expanded responsibilities as well as CEO Willard Rouse III beginning a second round of chemotherapy and radiation treatment for lung cancer. Hankowsky assumed the presidency this March.
PHILADELPHIA-Johnstown, PA-based Crown American buys the in-line 226,000 sf of the 629,000-sf enclosed mall in Dothan, AL along with 60 adjacent acres. Anchor tenants own 403,000 sf. Approximately half of the land can be used for expansion or out-parcel development.