Thursday, August 12, 2010

Philly Deals of Note

"VAX-D Institute of Philadelphia renewed its lease for 5,317 square feet on the 18th floor of the Land Title Building at 100 S. Broad St. in Philadelphia. VAX-D is a nonsurgical back and neck treatment.

Bayada Nurses leased 4,990 square feet at 2401 Walnut St. in Philadelphia. Bayada Nurses plans to establish a pediatric administrative office close to the Children’s Hospital of Philadelphia at 34th Street and Civic Center Boulevard.

Blue Stone Real Estate Capital arranged financing for two Philadelphia properties. In the larger of the transactions, Blue Stone, as correspondent to Greystone Servicing Corp., lined up a 10-year, $29 million Fannie Mae permanent mortgage financing for the Navona, the apartment complex framing the Piazza at Schmidt’s Plaza. The building at 1050 N. Hancock St. in Philadelphia has 156 apartments and 16,000 square feet of retail space. The other loan was for $3.1 million in permanent financing for Dickinson Square, a 40,000-square-foot medical office complex at 1500 Columbus Blvd. in Philadelphia. The loan, provided by CT based Webster Bank, is fixed for five years."

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