Sunday, March 4, 2012

Latest Philadelphia Commercial Real Estate Deals

by Natalie Kostelni
"A two-story, 26,250-square-foot office building at 5000 Hilltop Drive in Brookhaven, Pa., traded for $1.75 million. The building can be expanded by 21,000 square feet in a three-story office building or a one-story flex building.

Water View Court Apartments, a 120-unit complex at 361 Harbor Drive in Claymont, Del., traded for $6.4 million, or $53,333 per unit.

Creekside Plaza, a 10,030 square-foot retail property located at 1207 McDade Blvd. in Collingdale, Pa. sold for $3.1 million, or more than $300 per square foot.

A 50,000-square-foot industrial building and site at 415 S. Penn St. in Clifton Heights, Pa., traded for $875,000. The building will become the new home to DCI Products.

Endurance Real Estate Group of Bala Cynwyd, Pa., bought 301-305 Oak St., a warehouse/distribution building totaling 289,277 square feet on 17 acres $4.4 million, or $15.07 a square foot. Endurance put the building under contract while vacant and managed to land RC Moore Inc., a logistics company that offers freight logistics, during due diligence. RC Moore took the entire building.

Oldcastle Building Envelope, a supplier of architectural glass and aluminum glazing systems, signed a new lease for the entire 32,700-square-foot office/flex building at 1507 Lancer Drive at Moorestown West Corporate Center in Moorestown, N.J."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.