2-10-17

20A — February 10 - 23, 2017 — Pennsylvania — M id A tlantic

Real Estate Journal

www.marejournal.com

P ennsylvania

Keystone’s VEVA complex comprises a combined 425,000 s/f of space London Life Reinsurance Co. signs lease to expand space at Keystone Property Group’s VEVA 16 B

ment serves as an amendment to London Life’s current lease at VEVA 16, and will expand its space in the building from 9,888 s/f to 12,974 s/f. The company has been a tenant at the VEVA complex for more than 20 years, and the terms of the amendment ensure it will remain there through at least 2022. Since acquiring the complex in 2013, Keystone has imple- mented a comprehensive capi- tal improvements campaign, implementing state-of-the-art amenities and upgrading the buildings’ technical infrastruc- tures to create a first-class office complex that reflects a contemporary lifestyle. Re- branded as “VEVA” in 2014, the complex features an onsite café, a first-class wellness cen- ter, and collaborative indoor and outdoor workspaces that drive innovation. “London Life has been a model tenant at the VEVA complex for well over a decade, and we are delighted they will remain there for the foresee- able future,” said Rich Got- tlieb , partner at Keystone. “This newly extended and expanded lease serves as a tes- tament to the first-class office environment at the complex, where companies and their employees can thrive both personally and professionally.” Just 45 minutes from Phila- delphia, the complex boasts a prime location at a highly visible traffic intersection that is easily accessible from Interstate 476 and the Penn- sylvania Turnpike. Founded in 1995, London Life is the subsidiary of Great- West Life Assurance Com- pany, a large Canadian life insurer with headquarters in Winnipeg, Canada. n LMS announces recent transactions PENNSYLVANIA — LMS Commercial Real Estate announced the following transactions: A pet supply store leased 1,400 s/f of first floor retail space at Muhlenberg Shop- ping Plaza, Reading. Blake Gross and Travis Riley of LMS Commercial represented both the landlord and tenant. A medical user leased 7,160 s/f of office space at 120 Penn St., Hanover. Ryan Myers of LMS Commercial Real Estate represented the Landlord. n

LUE BELL, PA — Keystone Property Group , a real estate developer, manager and inves- tor of mixed-use properties, announced that it has signed London Life Reinsurance Com- pany to a lease agreement that will expand its current space at VEVA 16, Keystone’s amenity-filled office property in Blue Bell. Located at 1787 Sentry Parkway West, VEVA 16 is one of seven buildings in Keystone’s VEVA complex, which comprises a combined 425,000 s/f of space. The recently signed agree-

VEVA 16

Better relationships. Better results. With close relationships to Freddie Mac, Fannie Mae, FHA, more than 50 life insurance companies, 20+ CMBS lenders, hundreds of local, regional and national banks, NorthMarq Capital has the capital connections to deliver the results our clients expect. Here are just a few....

$45,500,000 HOTEL 359 ROOMS | ALBANY, NY CMBS

$4,175,000 MULTIFAMILY 36 UNITS | SPENCERPORT, NY LIFE COMPANY

$4,000,000 MEDICAL OFFICE 56,216 SF | BUFFALO, NY LIFE COMPANY

Visit northmarq.com/rochester or call 585.262.2100 to learn more!

U P S T A T E N E W Y O R K R E G I O N A L O F F I C E

C O M M E R C I A L R E A L E S T A T E D E B T , E Q U I T Y & S E R V I C I N G

Made with