Monthly Archives: January 2016

The Sale of 270 Silver Spring Road in Mechanicsburg

0 CommentBy

270 Silver Spring Road

On behalf of DCT Industrial (NYSE: DCT), JLL has closed the sale of 270 Silver Spring Road in Mechanicsburg, Pennsylvania to Cabot Properties. The property, totaling 104,000 square feet, is located in the 27 million square foot Central Philadelphia industrial market, one of the top performing in the United States.

Senior Vice President for JLL Philadelphia, John Plower, told the Central Penn… Read More

Positive absorption predicted for Delco in 2016 – who is taking accountability?

0 CommentBy

Delaware County experienced 366,282 square feet of leasing activity in Q4 as three major deals scattered across Delaware County accounted for 82.7 percent of leasing activity:

  1. Wilmington-based biopharmaceutical company Incyte Corporation signed two leases for 111,500 square feet at Painter’s Crossing Office Campus in Chadds Ford.
  2. At 2501 Seaport Drive in Chester, Power Windows and Siding agreed to an expanded 104,661 square feet in the former Wells Fargo space.
  3. In Newtown Square, Main Line
  4. Read More
Categories: News.

The suburban exodus continues for Liberty Property Trust

0 CommentBy

Liberty Property Trust is continuing to migrate from the Suburban Philadelphia office market.  In Q4, it sold a 41-property portfolio to first-time buyers Workspace Property Trust, a joint venture between Rizk Ventures, EverWatch Capital, Forum Partners and the JMP group. The portfolio was 84.3 percent leased at the time of sale with increased rent costs on the horizon.

What does this mean? New competition in the market.

Read More

Categories: News and tagged .