Wednesday, December 27, 2017

ImmunoTek Bio Centers Leases 15,000 SF in Allentown

ImmunoTek Bio Centers, an operator of plasma donation centers, has signed a 15-year lease for 15,000 square feet in the Parkway Shopping Center at 1471-1523 Lehigh St. in Allentown, PA.

The retail center, known as Parkway Shopping Center, totals approximately 153,745 square feet and was developed in 1953. Tenants include Dollar Tree, IHOP and H&R Block, among others.

FD Stonewater Acquires River Park I Office Bldg Conshohocken

FD Stonewater has acquired the River Park 1 office building at 1000 River Rd. in Conshohocken, PA from BPG Real Estate Services LLC for $30.64 million, or about $181 per square foot.

The historic four-story office building was originally built in 1870 and was later renovated in 1999. It totals 169,160 square feet and is occupied by Envision Healthcare.
www.omegare.com

Economists Watching Real Estate Cycle, Tax Changes in 2018 (Video)

www.omegare.com

How REITs benefit from tax reform (Video)

Tax accountant: How REITs benefit from tax reform from CNBC.

www.omegare.com

Jefferson Health signed a 237,000SF Lease, Renamed to Jefferson Tower

by Steve Lubetkin, Globest.com
In the largest new CBD Lease of 2017, Jefferson Health signed a 237,000-square-foot lease to anchor 1101 Market Street, which will be renamed as Jefferson Tower.
Following mergers with Abington Health, Aria Health, Kennedy Health System and Philadelphia University, and completion of its overall Master Plan, Jefferson will unify the enterprise’s corporate services in the new headquarters facility. Upon initial occupancy, Jefferson will occupy 40 percent of Jefferson Tower at the top of the building with the option for substantial expansion over time. The landlord of Jefferson Tower, Girard Estate, will renovate the lobby, add a direct connection to the Jefferson Station concourse and replace the building’s signage with Jefferson signage. 
www.omegare.com