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A joint-venture partnership secured the financing to develop the 452,000-square-foot, build-to-suit Jefferson Health specialty care pavilion and ambulatory clinic.
In partnership with PIDC, the firms will exclusively develop the project, commencing with a $400 million phase one, which will comprise life sciences, residential and hospitality space.
The firm financed two industrial deals, a construction loan in Prussia, Pennsylvania, and a redevelopment bridge loan for a property in Silicon Valley, California.
Investors are following renter migration patterns outside of the big cities with non-major metros receiving the highest investment activity on record last year.
Brandywine Realty Trust has partnered with a global institutional investor to develop a 570,000-SF tower within Brandywine's $3.5 billion Schuylkill Yards innovation neighborhood.