Friday, December 30, 2011
Former Majestic Building Sells to Biotech Company
"The former Majestic Athletics apparel manufacturing building located at 100 Majestic Way, Bangor, PA has been sold to BioSpectra, a manufacturer of biological buffers and laboratory reagents for the biopharm and biotech markets.
The 142,000 square foot facility features office, manufacturing and warehouse space which will allow the new owner to expand its operations. Transaction is valued at $1.5 million.
http://www.omegare.com/
The 142,000 square foot facility features office, manufacturing and warehouse space which will allow the new owner to expand its operations. Transaction is valued at $1.5 million.
http://www.omegare.com/
All Star Baseball Academy signs new lease in NJ
"All Star Baseball Academy leased 11,190± SF at 3 Esterbook Lane, Cherry Hill, Camden County, NJ. This marks their 4th location."
http://www.omegare.com/
http://www.omegare.com/
Qualcare Alliance Signs $9.7M Lease in NJ
"Qualcare Alliance Networks, Inc. signed a lease for 30,492 square feet of office space at 100 Decadon Dr. in Egg Harbor Township, NJ. The 15-year, $9.7 million lease is expected to commence in April 2012.
Columbus 1 at Expressway Center is a 41,600-square-foot, two-story office building constructed in 1987 on 5.5 acres in the Southern New Jersey submarket of Atlantic County. Expressway Corp Ctr is a two-building office park that is now 100 percent occupied with Computer Science Corp., the other tenant.
Qualcare is the largest full service provider-sponsored managed care organization owned and operated in New Jersey with more than 600,000 members enrolled in a full range of self-funded managed care products. It is majority owned by 12 New Jersey hospital systems and physician organizations."
http://www.omegare.com/
Columbus 1 at Expressway Center is a 41,600-square-foot, two-story office building constructed in 1987 on 5.5 acres in the Southern New Jersey submarket of Atlantic County. Expressway Corp Ctr is a two-building office park that is now 100 percent occupied with Computer Science Corp., the other tenant.
Qualcare is the largest full service provider-sponsored managed care organization owned and operated in New Jersey with more than 600,000 members enrolled in a full range of self-funded managed care products. It is majority owned by 12 New Jersey hospital systems and physician organizations."
http://www.omegare.com/
Thursday, December 29, 2011
Philadelphia Media Network Signs 125,000-SF HQ Lease at 801 Market
"Pennsylvania Real Estate Investment Trust has secured a lease with Philadelphia Media Network, Inc. to occupy 125,000 square feet at 801 Market Street in Philadelphia. PMN, owner and publisher of The Philadelphia Inquirer, Daily News, and Philly.com, is expected to take occupancy of its third-floor headquarters space in summer 2012.
The iconic building delivered in 1868 as Strawbridge & Clothier's flagship store. PREIT redeveloped the 13-story, 927,931-square-foot, class A office and retail property in 2009, focusing on historic preservation and sustainability, leading to recent LEED Gold Certification and a US Green Building Council award for operating efficiency. The building anchors The Gallery at Market East, also owned by PREIT, and located above the city's mass transit system providing employees, shoppers and residents with direct access to the Philadelphia suburbs and southern New Jersey.
"Bringing Philadelphia Media Network to this Center City location reestablishes 801 Market as a premier address and signals the resurgence of Market East and The Gallery," said Joseph F. Coradino, president of PREIT Services LLC and PREIT-RUBIN, Inc.
PMN's move is the latest development in the renaissance of the Market East submarket in Center City. PMN will work with PREIT to incorporate large-format digital advertising and a dynamic digital messaging system on the exterior facade designed to reach thousands of people daily. PMN's 600 employees will join 750 from the Commonwealth of Pennsylvania that have occupied three floors in the building since 2009, in addition to 1,200 employees utilizing office space on the upper floors.
http://www.omegare.com/
The iconic building delivered in 1868 as Strawbridge & Clothier's flagship store. PREIT redeveloped the 13-story, 927,931-square-foot, class A office and retail property in 2009, focusing on historic preservation and sustainability, leading to recent LEED Gold Certification and a US Green Building Council award for operating efficiency. The building anchors The Gallery at Market East, also owned by PREIT, and located above the city's mass transit system providing employees, shoppers and residents with direct access to the Philadelphia suburbs and southern New Jersey.
"Bringing Philadelphia Media Network to this Center City location reestablishes 801 Market as a premier address and signals the resurgence of Market East and The Gallery," said Joseph F. Coradino, president of PREIT Services LLC and PREIT-RUBIN, Inc.
PMN's move is the latest development in the renaissance of the Market East submarket in Center City. PMN will work with PREIT to incorporate large-format digital advertising and a dynamic digital messaging system on the exterior facade designed to reach thousands of people daily. PMN's 600 employees will join 750 from the Commonwealth of Pennsylvania that have occupied three floors in the building since 2009, in addition to 1,200 employees utilizing office space on the upper floors.
http://www.omegare.com/
Iron Hill to Open 9th location, 1st in Philly
"Delaware-based suburban brewpup chain Iron Hill plans its ninth location and its first inside Philadelphia city limits at 8400 Germantown Ave., former Express store site, in Chestnut Hill, next Wednesday Jan. 4. Owners Kevin Finn, Kevin Davies and Mark Edelson plan to open the restaurant at 4 pm in time for the dinner rush. It's the chain's ninth location, with five others in PA, two in DE, one in NJ.
Iron Hill takes its name from the landmark Appalachian outcrop (complete with state park and Revolutionary War-era mine) that greets northbound drivers on I-95 as the blow through the state line tollbooths at the Maryland border, not far from Iron Hill's original home in University of Delaware student-ridden Newark, Del."
http://www.omegare.com/
Iron Hill takes its name from the landmark Appalachian outcrop (complete with state park and Revolutionary War-era mine) that greets northbound drivers on I-95 as the blow through the state line tollbooths at the Maryland border, not far from Iron Hill's original home in University of Delaware student-ridden Newark, Del."
http://www.omegare.com/
Monday, December 26, 2011
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