Wednesday, November 11, 2009

Real Estate Deals of Note

Here are a couple of deals that recently got done in the Philadelphia area.

"BioClinica Inc., a provider of bio-imaging and data systems support for clinical trials, signed a nine-year lease for 36,143 square feet at Rittenhouse II in Norristown, PA.
The 65,716-square-foot office building at 800 Adams Ave. is in the Valley Forge Corporate Center. The three-story building was built in 2008. It is only minutes from Route 202, I-76 and the Valley Forge interchange of the Pennsylvania Turnpike.
O'Neill Properties Group, the landlord, was represented in-house by Timothy Dugas and Larry Doyle."

"The industrial building at 195 Oneill Road in Quakertown, PA, sold for $3.4 million, or $44 per square foot, in a sale between private parties.
The 77,502-square-foot warehouse was built in 1974 and sits on about five acres. It features 11 loading docks, three drive-in bays, 24-foot ceiling height and heavy power."

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