State: Pennsylvania - PA
Longtime Philly Broker Makes First Major Office Building Purchase
Tony Hayden, a veteran Cushman & Wakefield branch manager who now operates his own brokerage, has moved into property ownership with the help of local friends and a Boston area developer.
Brandywine Realty Sells Offices for $50 Mln
September 29, 2000 NEWTOWN SQUARE, Pa. – De Lage Landen Financial Services Inc. has acquired 1111 Old Eagle School Road in King of Prussia, Pa., from Brandywine Realty Trust (NYSE:BDN) for $50 million, or $242/sf.The 207,000-square-foot building will serve as ...
Downtown Philly Parking Lot Captures National Interest
A small surface parking lot on Chestnut Street is being offered for $15 million. The level of interest so far for such a small property is indicative of a vastly improved Philadelphia real estate market.
Apartment Complex Fetches Record Price in Suburban Philadelphia
September 11, 2000 WEST CHESTER, Pa. – Alaska Permanent Fund Corp. has paid $20.3 million, or $101,250 per unit, for a 200-unit apartment complex in West Chester, Pa., a suburb of Philadelphia.The sale of Treetops at Chester Hollow Apartments sets ...
PNC Real Estate Arranges $14.75 Mln Construction Financing for Pa. Development
September 11, 2000 HARRISBURG, Pa. – PNC Real Estate Finance has arranged $14.75 million in construction financing for Bent Creek L.P., an affiliate of the Triple Crown Corp.The financing will fund the 224 units that comprise the second and third ...
Kushner Companies Acquires WNY Group in $280 Mln deal
September 11, 2000 FLORHAM PARK, N.J. – Kushner Cos. has acquired the WNY Group Inc., a privately held REIT based in Freehold, N.J., in a deal valued at about $280 million.As part of the transaction, the company acquired WNY's entire ...
Kramont Realty Signs Lease at Pa. shopping center
September 6, 2000PLYMOUTH MEETING, Pa. – Oskar Huber Inc. has signed a 10-year, 51,000-square-foot lease with Kramont Realty Trust (NYSE: KRT) at the Valley Fair Shopping Center, in Devon, Pa.The home furnishing company's lease is valued at about $6.2 million. ...
Keystone Property Trust Completes 600,000-SF Lease in NJ
September 6, 2000WEST CONSHOHOCKEN, Pa. – GATX Logistics Inc. has signed a long-term lease agreement, with Keystone Property Trust (Amex:KTR) for a distribution facility in Hamilton Township, NJ.GATX will occupy the building in January 2001. The company, which helps businesses ...
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