10C — December 8 - 21, 2017 — Pennsylvania — M id A tlantic
Real Estate Journal
www.marejournal.com
P ennsylvania
West Corporate Partners represents CarmanicoMaguire Associates in Blue Bell property lease TDK commercial advisors announces over $2,500,000 in new transactions P
the Cast Iron Building, 718 Arch St. in Philadelphia, in completing over 18,000 s/f in transactions. Visions For Equality, a tenured tenant at the property, entered into a new long term renewal agree- ment for over 10,000 s/f at the project. LISC also executed a long term renewal of their lease for over 3,900 s/f. In the last transaction, The Philadel- phia Education Fund signed a lease for over 4,400 s/f on the 7th floor of the property. The Philadelphia Education fund was represented by Joe Vit- erello of Perna Frederick Real Estate . TDK Commercial Advisors acted as sole broker in the former two transactions. Kramer stated that “The Cast Iron takes great pride in retain- ing its tenants and attracting leading area industries. Many of our existing tenants have been in the property for many years. These latest transactions are a testament to the qual- ity of building ownership and management”. At 1730 Walton Rd., Blue Bell, TDK Commercial repre- sented the landlord in leasing two spaces to new tenants. RGIS and Carmanico Maguire Associates will lease nearly 2,000 s/f at the property. 1730 Walton Rd. is a 30,000 s/f of- fice building that recently un- derwent some comprehensive building renovations. RGIS was represented by CRESA and Carmanico Maguire Associates was represented by West Cor- porate Partners . n JLL completes sale and financing for Jenkintown’s One &TwoPitcairnPlace Jenkintown, PA — JLL ’s Capital Markets experts announced the completed sale and financing of One & Two Pitcairn Place, a two building, class A office complex in Jen- kintown. Joss Realty Partners purchased the 98,057 s/f com- plex from Pitcairn Properties for $12.1 million, with JLL having secured $9.225 million in acquisition financing from Beneficial Bank . Managing director James Galbally and senior vice pres- ident Brett Grifo led the transaction along with help from senior VPs Erin Miller and John Plower. Senior vice president Chad Orcutt secured the acquisition financ- ing for Joss Realty Partners. n
Stylelabs, a technology compa- ny who is presently a tenant at the park has agreed to expand their presence by 2,400 s/f and entered into a long term exten- sion. Kramer acted as sole bro- ker in the transaction. Kramer remarked that “We continue to experience incredible leas- ing momentum at the King Of Prussia Business Center, these most recent transactions bring occupancy to over 80%. We ex- pect to continue to fill the park with quality tenants over the coming months”. TDK Commercial Advisors also represented the owner of
hiladelphia, PA — Thomas Kramer , president of TDK Com- mercial Advisors (TDKCA) , announced a series of newly completed office leases on be- half of several clients in Penn- sylvania. TDKCA represented Roch Capital at the King Of Prus- sia Business Center in leas- ing more than 19,000 s/f to a variety of tenants. Neuma has leased over 4,200 s/f. The tenant will be moving into the 1009 building, and was repre- sented by Mike Maloney of Newmark Knight Frank .
King Of Prussia Business Center
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