Philadelphia
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.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Home2 Suites Breaks Ground in PA
The 109-key hotel west of Philadelphia is slated to come online by next summer. Investment company Roch Capital owns the project.
Binswanger Sells Minority Stake to Key Employees
A board comprising David Binswanger, Frank Binswanger, two employee investors and an independent director will now run the company.
Suburban NJ Retail Center Reaches Full Occupancy
In a deal brokered by Wolf Commercial Real Estate, Burn Boot Camp signed a 6,000-square-foot lease, joining a roster of tenants comprising Panera Bread and EyeDesigns.
Real Capital Solutions Enters Philly Market
The company acquired Courthouse Square and Rockwood Office Park, two recently renovated office properties totaling more than 366,000 square feet in Wilmington, Del.
Maguire Hayden Snags Foreclosed PA Office Campus
Cassford Corporate Center in Berwyn, Pa., changed hands in a $9.3 million deal after Trinity Capital Advisors defaulted on a $21.6 million loan.
Macquarie Investment Management to Relocate Philly HQ
The company has agreed to occupy 145,000 square feet at Keystone Property Group’s 100 Independence Mall West in the city’s CBD, with plans to move in by 2020.