July 27, 2016 |
Liberty Property Trust is under agreement to sell most of the Great Valley Corporate Center in Malvern to Horsham-based Workspace Property Trust as part of a $969-million transaction involving 108 properties in four states. The transaction includes all of the Malvern business park, outside of its own headquarters building and the offices that Liberty leases to the Vanguard Group, spokeswoman Jeanne Leonard said Monday. Liberty is also retaining 280,000 square feet of office space at Great Valley that it plans to redevelop, Leonard said.
March 30, 2016 |
An affiliate of Huntingdon Valley-based Toll Management Co. has sold a 47,900-square-foot office building at the Whiteland Business Park in Exton for $3.14 million. The property at 740 Springdale Dr. was sold to Springdale Properties LLC, which already owns three other buildings in the office park and is headquartered there, according to Lieberman Earley & Co. principal Phil Earley, who helped broker the transaction. Springdale plans extensive upgrades to the newly purchased property, known as One Whiteland Plaza, which is now only 35 percent leased, Earley said Monday.
March 22, 2016 |
The developers remaking the Camden waterfront envision an urban center with gleaming offices, brand-new sidewalks and expanses of green space where people can enjoy lunch breaks alongside dog-walkers and joggers by the river. The plans include a new ferry stop, shuttle to the city's downtown and space for a hotel, homes, shops and restaurants - businesses that John Gattuso, senior vice president of the developer, Liberty Property Trust, said will create a new daytime workforce as well as jobs for city residents.
March 12, 2016 |
An affiliate of Philadelphia investor Thomas Gravina's GPX Enterprises L.P. has sold the Wayne office park where the company's cloud computing unit, Evolve IP L.L.C., has its headquarters. GPX Wayne Office Properties L.P. sold the 12-building, 376,300-square-foot Evolve IP Corporate Center office park for $42 million on Feb. 9, according to a deed filed with Chester County. The buyer was a joint venture between a Philadelphia real estate partnership called PDC-Old Eagle L.L.C.
February 12, 2016 |
The owners of Greentree Commons, a 1980s-era office park on Route 73 in Evesham, announced Thursday that they were razing it to make way for a $30 million "upscale retail complex. " Demolition began last month, and four of the six single-story office buildings are already demolished, Peter Lazaropoulos, managing partner of Lazgor L.L.C., told an on-site news conference. Rising in their place will be a suite of buildings called the View at Marlton, housing four restaurants, an AAA auto club office, shops, and a 45,000-square-foot LA Fitness center.
July 24, 2015 |
Rutgers University Behavioral Health Care has leased 23,000 square feet at a Cherry Hill office park owned by an affiliate of Bala Cywnyd-based Endurance Real Estate. UBHC will operate an outpatient hospital at Colwyck Property's office park at 57 Haddonfield Rd., Markeim Chalmers vice president Scott Martin, who served as the health-care provider's broker, said Wednesday. UBHC's lease at the office park, in space previously occupied by the Internal Revenue Service, is worth $2.5 million over its initial five-year term, Martin said.
January 20, 2015 |
After scrapping a controversial plan for a hotel, apartments, and retail space on one of the region's most desirable sites, BioMed Realty Trust has returned to Radnor Township with a counterproposal. But officials and residents of the Main Line community say the new plan - for an office park near the heavily traveled intersection of the Blue Route and Lancaster Avenue - is even worse. "The dismay that I feel, it comes from the fact that this is a very sophisticated community and we should be able to come up with a better solution for this site," Commissioner Elaine Schaefer said at last Monday's meeting when the plan was presented.
December 24, 2014 |
The long retreat of the DuPont Co. from the city it long personified took a giant leap Monday when the chemical-maker announced it would move about 1,000 employees, including its chief executive officer, from the center of troubled Wilmington to a suburban office park. DuPont said Monday it will consolidate its headquarters. Between 800 and 1,000 supervisors and staff will leave the high-rise complex that has loomed over the city's focal Rodney Square Park since Pierre S. du Pont created the modern company in the early 1900s.
October 11, 2014 |
Campbell Soup Co. took a step forward Thursday in a long-awaited plan to create a 13-acre office park around its Camden headquarters, appointing Brandywine Realty Trust as developer. The parcels of land, located off Newton Avenue between Admiral Wilson Boulevard and 11th Street, will become an office park for prospective users, who could benefit from amped-up tax incentives created through recent state legislation. When Campbell's committed to staying in Camden in 2007, it also announced plans to invest in the "Gateway District" by redeveloping the area around its headquarters.
October 3, 2014
SPLASHING down a cold one in the tasting room at the new Forgotten Boardwalk Brewery, in Cherry Hill, you can't help but wonder: Why wasn't this place built on an actual boardwalk down the Shore? The curved funhouse mirrors, the wheel of fortune, the Skee-Ball machines . . . the only thing missing is the smell of salt air. So, I asked Jamie Queli, the brewery's 30-year-old owner, why she didn't open it in Asbury Park, whose aging, largely vacant boardwalk gave this brewery its name.