Saturday, December 1, 2012

Area commercial real estate deals update

Tremont Realty Capital arranged a $2.3 million loan for Red Hill Estates, a mobile home park in Red Hill, Pa., that has 61 lots. The 10-year, fixed-rate loan provided for roughly 70 percent loan to value with a 4.62 percent interest rate … Communications Test Design Inc., an engineering firm that serves the communications industry, has expanded into several new markets and taken more than 700,000 square feet of mostly new space over the last 12 months. The West Chester, Pa.
Custom Manufacturing Corp., which specializes in the bending of aluminum extrusions and steel shapes, has extended its lease on 72,830 square feet at 2522 State Road in Bensalem, Pa.… Facilities Management Services of Pennsylvania relocated into 13,038 square feet on the fourth floor of 1608 Walnut St. from 1616 Walnut St. in Philadelphia. The law offices of Michael Hanamirian and Sidney Leabman renewed for some 3,605 square feet on the eighth floor …

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