Wednesday, February 17, 2016

A Roundup Of Philadelphia-Area Commercial Real Estate Activities

by Steve Lubetkin, Globest.com
$24 million of debt was arranged for the acquisition and redevelopment of the former West Philadelphia High School at 4700 Walnut Street. The 442,200-square-foot, four story building will be converted to a 298-unit multifamily property.

Openings

BRYN MAWR, MALVERN, AND PHILADELPHIA—Bryn + Dane’s, a fast food company that serves low-calorie farm fresh food will open three new locations, Bryn Mawr Village, 915-925 West Lancaster Ave., Bryn Mawr, PA;  Atwater South, Route 29 and Atwater Drive, Malvern, PA; and The Franklin, 834 Chestnut Street, Philadelphia PA. Their new sites are set to open beginning this summer and through 2017.

Leases

PHILADELPHIA—Sakura Japanese Restaurant has leased 4,000 square feet at Morrell Plaza in Philadelphia, becoming the latest restaurant to join the tenant mix at this 103,250-square foot shopping destination.

MT. LAUREL, NJ—Pediatric Dentistry  recently completed a 2,875-square-foot lease at Tomlin Station Commerce Center in Mullica Hill, NJ.

www.omegare.com

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