DLMR sells 85,000 SF Office Building in Bala Cynwyd

"DLMR, sold of 101 W. City Avenue in Bala Cynwyd, PA.

The buyer was Goodman Properties. The property is a 2-story, 85,000 SF office building located at the corner of City Avenue and Bryn Mawr Avenue."

Added 9/8/2010:
"Jenkintown-based Goodman Properties acquired the office building at 101 West City Ave. in Bala Cynwyd, PA, from a private seller for $5.35 million, or about $70 per square foot.

The two-story, 75,000-square-foot building delivered in 1949. It is commonly referred to as the Van Sciver building after a furniture store that formerly occupied the space. There is currently one tenant occupying 18,000 square feet."


Five Lease Transactions completed in Philadelphia Suburbs -

- Kelly Teti Associates, LLP renewed their 2,493 SF lease at One Bala Ave in Bala Cynwyd, PA.

- IT4 Group, Inc. completed a new office lease at the Spring Mill Corporate Center located at 1100 E. Hector Street in Conshohocken, PA. IT4 Group leased 1,425 SF on the 2nd floor of the building.

- The Eminent Group, leased 1,209 SF of office space at 655 Business Center Drive at the Horsham Business Center in Horsham, PA.

-MedLaw leased 870 SF 3 Bala Plaza in Bala Cynwyd, PA. Plans to occupy the space are set for September 2010.

- Therapy Solutions, leased 2,200 SF of office space at 915 Montgomery Avenue in Narberth, PA. Therapy Solutions is a provider of comprehensive developmental and rehabilitative services for a wide range of speech and language disorders.