Bryn Mawr Trust, Skanska ink CRE deals

by Natalie Kostelni

Bryn Mawr Trust signed a lease with Federal Realty Investment Trust  at the Bala Cynwyd Shopping Center on City Avenue and Belmont Avenue and will open a 4,000-square-foot branch late in the fourth quarter …

Skanska USA Building Group moved into 19,100 square feet at 518 E. Township Line Road in Blue Bell, Pa. The new office space is in the running for a LEED gold designation for commercial interiors. Skanska signed a 15-year deal …


BPG Properties Ltd. of Philadelphia sold Madison at Abbey Court, a 176-unit multifamily community located in Belmont, N.C., for $9.4 million to American Residential Investment Management. The property is seven miles from Charlotte. At the time of the sale, the community was 98 percent leased …

 In another BPG deal, the firm sold Waterfront at Harbor Bay, a 381,439-square-foot office and industrial complex in Alameda, Calif., for $46 million. Amstar of Denver bought the property …

Hill International won a contract from the General Authority of Civil Aviation of the Kingdom of Saudi Arabia to provide project management oversight services for the $1.5 billion King Abdulaziz International Airport (KAIA) improvement program in Jeddah, Saudi Arabia. The one-year contract has an estimated value to Hill of about $3.8 million …
RedGo Development is venturing into North Carolina. It bought 42 acres just outside of Raleigh where it seeks to develop a multifamily complex. It purchased the land from Wells Fargo Bank and the previous owner had partially subdivided the property into 98 single-family lots, but those approvals have since expired …

The owners of 1608 Walnut Street, renwed leases for Diamond Polsky & Bauer and Alexander & Pelli. The two firms combined occupy 7,190 square feet on the ninth floor. Diamond Polsky & Bauer has been in 1608 Walnut since the 1990s and Alexander & Pelli had been in space at 1800 John F. Kennedy Blvd. before relocating.
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