Philadelphia
Henderson Pays $42M for Philly-Area Office Campus
The firm purchased a five-building office portfolio in Newtown Square, Penn., its first real estate deal, part of its new strategic growth plan.
JLL Secures $52M Refi for Space Mart Self-Storage Portfolio
The portfolio includes eight properties in Greater Philadelphia, Pennsylvania and Richmond, Va., totaling 554,823 square feet. JLL secured the loan.
Suburban Philly Office Asset Lands New Tenants
Iron Run Corporate Center in Allentown, Pa., has been recently renovated and features upgraded common areas, as well as a new lobby and fitness room.
Peak10 + ViaWest Buys $33M PA Facility
The company has plans to improve carrier capacity to more than 80 providers. The newly-acquired data center was previously owned by GSK, which will continue its IT operations at the location.
Westover Buys Suburban Philly Retail Center
Gilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.
JOSS Buys Suburban Philly Office Assets
The firm paid $12.1 million for two premier office assets in Jenkintown, Pa., shifting its investment focus to core suburban markets.
Brandywine Breaks Ground on $3.5B Philly Project
The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.
Cushman & Wakefield Adds New Talent to NJ Office
David Townes joins Cushman & Wakefield’s New Jersey office. Previously, he worked for various firms in the retail sector and created BrokerMap, an app for real estate brokers.
Northeastern PA Industrial Portfolio Changes Hands
Cushman & Wakefield’s Industrial Advisory Group mediated the sale of an industrial portfolio totaling 544,974 square feet. The three buildings are located near an extensive network of highways.
Carter Validus Buys Two Data Centers for $34M
The company enlarged its data center portfolio with two assets, one in Tempe, Ariz. and another in King of Prussia, Pa. This year, the company invested over $1 billion in data center facilities.