Philadelphia
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.
Philadelphia-Area Distribution Facility Trades for $13M
CBRE brokered the sale and leaseback of the roughly 291,000-square-foot industrial property in Pennsburg, situated one hour away from downtown Philadelphia.
Core Philly Asset Scores $13M Refi
The 24-story hotel and residential tower is situated in Center City. Meridian obtained the loan from a balance sheet lender.
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.