Philadelphia
Colliers Brokers Sale of 2 PA Retail Assets
The properties—a 9,000-square-foot, three-story historic office and retail building and a gas station/convenience center—traded for a combined $6.8 million.
Trammell Crow Adds New VP in Philadelphia
In his new role, Michael Wilson will manage the Northeast metro business unit’s operations. He has more than 18 years of experience in the healthcare and real estate development sectors.
Binswanger Taps New Supply Chain, Logistics SVP
Ron Link will work with the Advisory Services team to expand the supply chain capabilities for the company, enhancing Binswanger’s engagement with clients early on in the strategy and design process.
Abrams Realty Snags $55M PA Retail Power Center
HFF marketed the property on behalf of Urban Edge Properties and arranged a $50.4 million floating-rate acquisition loan for the buyer.
Liberty Property Trust Sells Office Building at Philly Navy Yard
The $130.5 million acquisition of a building that’s fully leased to pharma giant GlaxoSmithKline marks the second major purchase for Korea Investment Management in Philadelphia.
Penwood Grabs 508 KSF Warehouse in PA
The fully leased property is situated along the Interstate 81 industrial corridor in Mechanicsburg, Pa., and previously traded as part of a $3.2 billion portfolio.
Ashford Prime Repositions as Braemar Hotels & Resorts
Ashford Hospitality Prime will now be known as Braemar Hotels & Resorts, emphasizing its new focus on luxury hotel and resort properties.
IMC Construction Completes PA Office Renovations
Designed by Erdy McHenry Architecture, Arborcrest 5 now offers tenants access to a full-service cafe, a yoga room, lounges, a fitness center and a basketball court.
Foxfield and Novaya Receive $8M Loan for NJ Acquisition
The joint venture invested in three properties located within Pureland Industrial Complex, a 3,000-acre park providing immediate access to major distribution routes and the Ports of Camden and Philadelphia.
NKF Expands Philadelphia VAS Team
The Valuation & Advisory group rapidly grows nationally and locally. NKF’s Philadelphia office hired two veterans with approximately 45 years of combined real estate experience.