PHILADELPHIA-Locally based BPG adds the 12.55-acre King of Prussia Business Center to its Fund V equity fund. The class-B property includes 14 one- and two-story buildings with 175,000 sf of rentable space and is 82% leased.
PHILADELPHIA-The Elizabeth, NJ-based general contractor of upper-end construction and renovation of office, multifamily and commercial properties opens a branch office at 1537 S. 11th St. The new location is a reflection of increased Metro Philly activity.
PRINCETON JUNCTION, NJ-The New Jersey Supreme Court gives Huntingdon Valley, PA-based Toll Brothers approval to proceed with the Estates at Princeton Junction, a community of single-family and multifamily homes that has been tied up in litigation since May 1993.
ATLANTA-The locally based REIT bought an 87,216-sf, class-A office building at 4000 Johns Creek Court in Suwanee, GA, 30 miles northeast of Atlanta. The building is 100% leased to Kraft Foods and PerkinElmer Instruments.
ATLANTA-Wells Capital Inc. of Norcross, GA bought the 786,778-sf, two-building distribution center in the Spartangreen Industrial Park in Duncan, SC for $34.19 per sf.
PHILADELPHIA-The new leasing agent, assigned by the owner, Rahway, NJ-based Denholtz Associates, will locate its own offices in the 474,000-sf, twin 20-story buildings at 1800 and 1880 JFK Parkway. Denholtz bought the property in 2000. It is currently 92% leased.
PHILADELPHIA-Bid deadline of Sept. 6 is set for the Sept. 10 auction of the former Franciscan Medical Center in Dayton, OH. Great Neck, NY-based Keen Realty and the Columbus office of CB Richard Ellis invite prospective buyers to beat the deadline.
ATLANTA-The Alpharetta-based fraud prevention specialist adds a second office building to its 60-acre campus at an estimated hard construction cost of $150 per sf or a total $30 million, area construction industry estimators tell GlobeSt. Com.
ATLANTA-Joint owners Crosland Inc. and Faison Enterprises, both based in Charlotte, sell the 620,000-sf, 100%-leased shopping center for $78.39 per sf.
PHILADELPHIA-In separate transactions, Human Management Services signs a long-term lease for 8,000 sf in Malvern, PA, and Republic Builders of Tennessee takes over 12,000 sf at the Valley Forge Corporate Center. Valley Forge, PA-based Morrissey Partners negotiates for the owners.