Monday, August 23, 2010

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.

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