The Mid Atlantic Real Estate Journal’s “Best of” highlights the largest developments, major financial transactions, largest office, retail & industrial transactions, as well as the most unusual architectural and construction projects. In addition, the list features the owners, brokers, developers, architects who made it all happen.
JLL is proud to be recognized in the Mid Atlantic Real Estate Journal’s “Best of 2015” in three different categories:
James Galbally and Douglas Rodio, Managing Directors, Capital Markets Group
Galbally and Rodio co-lead a 10-person team, based out of Center City Philadelphia. A deal of note in 2015 was United Plaza and 1650 Arch Street, totaling 1,177,000 in square feet and worth $200M. Over the last three years, the JLL Philadelphia Capital Markets Group has completed more than 70 transactions, totaling nearly 20 million square feet and bringing $2.5 billion in value throughout Greater Philadelphia.
LARGEST LAND SALE
Center City Development Sites (2001-2301 JFK Boulevard. & 60 N. 23rd Street)
Located on the north side of JFK Blvd between 20th and 23rd streets, the Property consists of five rectangular shaped parcels. This is the largest land transaction in Philadelphia in recent history, spanning over 7.02 acres and worth $28.5M. It is also one of the last, large-scale development sites in the Philadelphia CBD to be sold.
Broker (s): James Galbally, Doug Rodio, John Plower, Erin Miller, Chad Orcutt
BEST INDUSTRIAL PROJECT
57 Grumbacher Road, York, PA
W. Jason Webb brokered the investment acquisition by High Street Realty in March 2015 from Bell Sports. The buyer completed renovations in 2015, including interior & exterior painting, landscaping, water tower demolition, warehouse mezzanine removal, concrete apron patch and repair, lighting and sprinkler upgrade, parking lot seal, new dock bumpers and seals and serviced mechanicals, truck court grub and overlay and roof rehabilitation. The property totals 278,582 square feet and cost $8M.