Philadelphia
CBRE Arranges Largest Philly Office Sale
Equity Commonwealth sold the two-building Centre Square complex in a deal that broke the record for the city’s largest-ever office transaction in terms of square footage.
Hunt Mortgage Enters PA, Appoints Director
The company also appointed Harris Heller as managing director. In his new position he will lead the new production office and will report directly to Senior Managing Director Vic Clark and Managing Director Michael Becktel.
Brandywine Realty Relocates HQ to Urban Philly
The company will keep its suburban Radnor offices, but will consolidate its corporate operations to FMC Tower at Cira Centre South in the University City area.
Hersha Sells 3 Hotels, Acquires Westin Philadelphia
The company disposed of a portfolio consisting of three Hyatt House hotels, located in California and Arizona. The 294-key Westin Philadelphia is part of the Liberty Place mixed-use complex that also features office, retail and residential.
JLL Announces New Promotions in Philly Office
Mike Morrone has been named market director for the company’s Philadelphia office, while Tony Juliano will begin operating as JLL’s COO.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset
Sun Equity Partners plans to rebrand the former 429,617-square-foot Cheltenham Square Mall as Greenleaf at Cheltenham. The asset is 60 percent leased.
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.
Suburban Philly Office Buildings Sell for $36M
The seven assets are located in Exton, West Chester and Newtown Square, Pa., and total more than 229,000 square feet of office/flex space. The properties changed hands through like-kind exchanges.
John Campbell Appointed President of Francis Cauffman
The long-time principal will serve as president of the company. Campbell is a specialist in workplace programming, planning and design strategies.