Philadelphia
Philadelphia Commercial Real Estate Wrap-Up – July 2020
PIDC selects Navy Yard expansion team. Brandywine Realty gets $115 million in Center City. Here’s our July selection of Philadelphia must-reads.
Top 10 Office Projects Under Construction in Philadelphia
Groundbreaking work has been completed for two projects so far in 2020, while one-third of the pipeline is slated for delivery by year-end, Yardi Matrix data shows.
PIDC Picks Team for Philadelphia Navy Yard Expansion
Together with Ensemble Real Estate Investments and Mosaic Development Partners, the public-private corporation expects the 109-acre project to generate up to $2.6 billion in new investments and create thousands of jobs.
Colliers Inks Suburban Philadelphia Industrial Lease
Managing Director Marc Isdaner represented landlord GFI Partners in the 151,600-square-foot full-building lease.
Endurance JV Sells Philadelphia Industrial Park for $18M
The property was fully leased to four tenants at the time of the sale.
New Jersey Industrial Park Lands $104M in Construction Loans
Cushman & Wakefield arranged the funding for Advance Realty Investors and Greek Development, which are planning a 3.2 million-square-foot project in metro Philadelphia.
Adler Realty Pays $12M for Philadelphia-Area Retail Asset
Nationwide Life Insurance Co. provided $7.1 million in financing for the purchase of the 67,215-square-foot property.
Philadelphia Commercial Real Estate Wrap-Up – June 2020
PES refinery sells for $226 million. Center City office project downsizes. Read our June selection of Philadelphia must-knows.
Hilco Redevelopment Partners Buys Refinery Site for $226M
The investor-developer plans to transform the former Philadelphia Energy Solutions complex, which closed in 2019, into a 1,300-acre multi-modal logistics hub.
Marcus & Millichap Arranges Sale of Single-Tenant Philadelphia-Area Asset
Senior Associate Craig Dunkle and Associate Mher Vartanian secured the buyer of the roughly 31,000-square-foot Goodwill Job Resource & Donation Center.