Pennsylvania
American Real Estate Partners Picks Up Pennsylvania Property for $108M
American Real Estate Partners acquired Eight Tower Bridge, a 16-story, 346,659-square-foot office tower in Conshohocken, PA, from Barings for $108… Read more
KBS Signs Sagent Lending Technologies to King of Prussia Lease
Newport Beach, CA-based KBS signed a 26,588-square-foot lease with Sagent Lending Technologies at 1000 Continental in King of Prussia, PA.… Read more
Rubenstein Secures $63M for Lower Makefield Corporate Center Acquisition
Affiliates of Philadelphia-based Rubenstein Partners acquired Lower Makefield Corporate Center, an eight-building, 467,000-square-foot office complex in Yardley, PA. Cushman &… Read more
Goodman Breaks Ground on 1.8M-SF Logistics Center in Central Pennsylvania
Goodman Group kicked off construction on Goodman Logistics Center Newberry, a two-building logistics campus totaling more than 1.8 million square… Read more
$47M Financing Arranged for Pittsburgh Office Portfolio
Maverick Commercial Mortgage, Inc. closed a $47.3 million first mortgage loan for Parkway Center, a six-building office portfolio comprising 585,000… Read more
$90M Refi for Pittsburgh-Area Corporate Campus
Zenith Ridge Corporate Campus, a three-building Class A office property totaling 486,000 square feet in the Pittsburgh-area community of Canonsburg,… Read more
Workspace Property Trust Completes $1.275B Loan from JP Morgan Chase Bank
Horsham, PA-based Workspace Property Trust closed on a $1.275-billion portfolio financing with JP Morgan Chase Bank, NA. The proceeds will be used… Read more
Kushner Exits Philly Following MF Asset Sale
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the… Read more
Lehigh Valley Retail Center Trades for $55M
HFF arranged the $55.25-million sale and $50.4-million in acquisition financing for MacArthur Commons, a 371,886-square-foot, fully-leased, grocery-anchored power center in Pennsylvania’s… Read more
Liberty Divests Philly Navy Yard Asset to Korean Investors for $130M
Korea Investment Management (KIM) acquired 5 Crescent Drive, a 208,000-square-foot office building in Philadelphia’s Navy Yard submarket from Liberty Property… Read more
Penwood Picks Up Pennsylvania Industrial Asset
Hartford, CT-based Penwood Select Industrial Partners, VLP purchased 6345 Brackbill Boulevard in Mechanicsburg, PA for a reported $33.1 million. The… Read more
Trio’s $100M Investment Consolidates Philly Tower Ownership
Philadelphia-based SSH Real Estate, Young Capital and Luxembourg-headquartered Quilvest Private Equity completed the $100-million recapitalization of the 880,000-square-foot 123 South… Read more
Brandywine Acquires Land for $3.5B Schuylkill Yards Development
Philadelphia-based Brandywine Realty Trust is moving ahead with plans to develop the $3.5-billion Schuylkill Yards project in West Philadelphia. The… Read more
$53.5M Financing Arranged for Philly’s Pod Hotel Construction
Modus Hotels and the Parkway Corporation secured $53.5 million in financing for the construction of a Pod Hotel in Philadelphia,… Read more
Philly Housing Project Set for Redevelopment
The Philadelphia Housing Authority (PHA) selected Pennrose to redevelop Bartram Village in southwest Philadelphia. The community-driven neighborhood redevelopment will include… Read more
Rockefeller Plans 1.3M-SF Lehigh Valley Logistics Park
New York-based The Rockefeller Group plans to develop two logistics centers in Pennsylvania’s Allen Township totaling roughly 1.3 million square… Read more
Equity Commonwealth Divests Philly CBD Asset in $160M Deal
Chicago-based Equity Commonwealth sold 1600 Market Street, a 39-story office tower in Philadelphia’s CBD to an affiliate of American Real… Read more
$110M Financing Arranged for King of Prussia MF
New York City-based Meridian Capital Group arranged $110 million in balance sheet financing for 251DEKALB, a five-building multifamily apartment complex… Read more
Construction Begins on Pittsburgh’s Glasshouse MF
High Street Residential, a subsidiary of Trammell Crow Company, and Northwestern Mutual commenced construction on Glasshouse, a five-story, Class A… Read more