Philadelphia
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
Downtown Philly Office Asset Adds New Tenant
Clarifi has leased more than 7,000 square feet on the fifth floor of a premier asset owned by Nightingale Properties, joining a roster of tenants comprising Spector, Gadon & Rosen and MakeOffices.
Blue Stone Acquires PA Office Asset
Newmark Knight Frank’s Capital Markets team represented the seller, Delaware Valley Real Estate Investment Fund LP, in its disposition of 1001 Adams Ave., a 137,000-square-foot building in Audubon.
Record-Setting R&D Lab Debuts at Philadelphia Navy Yard
Axalta’s 175,000-square-foot Global Innovation Center is the world’s largest coatings research facility and will bring some 200 science and engineering jobs to the 1,200-acre campus.
$200M Outpatient Center Breaks Ground in PA
The new medical facility will be LEED Silver-certified and will double the square footage of Penn Medicine’s previous Radnor location.
Cushman & Wakefield Expands V&A Practice in Philadelphia
The firm added Jim Farrer and Lee Dorf to its team, an expansion that coincides with an increased emphasis on valuation and advisory services throughout the industry.
Mortgage Company Inks Suburban Philly HQ Lease
Tequesta Properties has welcomed Gateway Mortgage Group to The Holtec Center, a premier office building which previously housed Holtec International.
AREP Acquires PA Office Tower for $108M
The roughly 347,000-square-foot building is 15 miles from Philadelphia and features tenants such as Marsh & McLennan Cos., Allied Universal, Penn Mutual, AMG Funds and Airgas.
Avison Young Adds New Principal in Philly
Brian Hilger has more than 15 years of commercial real estate experience and previously worked at Cushman & Wakefield and Comcast Corp.
Equus Capital Acquires Suburban Philly Office Building
The Class A asset serves as the U.S. headquarters for Endo Pharmaceuticals and is part of the newest office complex in the Malvern/Exton submarket, Atwater Corporate Center.