Philadelphia
CBRE to Lease Suburban Philly Office Asset
The 180,000-square-foot One Plymouth—which was constructed in 1969 and is located within Plymouth Meeting Mall Campus—is set to undergo a complete makeover.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.
Int’l Recruitment Firm Coming to Philly
Frank Recruitment Group will occupy 21,300 square feet of space at 1801 Market St. where it will establish its regional Pennsylvania headquarters. The company will create 250 jobs for the new office.
Co-Working Company Opens First Philly Office
The Amsterdam-based firm Spaces signed a 37,735-square-foot lease at the recently restored Hale Building. CBRE acted on behalf of the tenant, while the owner was represented in-house.
Leasing Starts at Clarion’s Suburban Philly Office Building
The Class A asset is located at 1475 Dunwoody Drive in West Chester, Pa. and is now opening its doors to new tenants for the first time since its completion in 1999.
Skanska Breaks Ground on $343M NJ Hospital
The 204-bed facility designed by Array Architects is slated for completion by December 2019. This will be the company’s largest Integrated Project Delivery development to date in North America.
One Crown Way in Philly Changes Hands
The asset was built in 1996 and it currently serves as headquarters for the seller, which will lease it back until its relocation.
Crescent Tapped to Manage Philly-Area Hilton Hotel
The 146-key hotel is adjacent to the Fort Washington Office Park, benefiting from the proximity of nearly six million square feet of Class A office space. Crescent will manage all operations of the hotel, including guest experience and food services.
Philly-Area Hilton Garden Inn Hotel Sells for $23M
The 146-key property underwent a $2.5 million renovation of the lobby and outdoor seating areas, as part of a value-add strategy implemented after the hotel’s acquisition in 2013.
National Asset Services Adds 6 to Retail, MOB Portfolio
The company has been appointed property and asset manager of the Sherwood Village shopping center in San Angelo, Texas, and five newly built medical office buildings in Texas, Pennsylvania, Ohio and Massachusetts.