PHILADELPHIA, WAYNE AND HORSHAM, PA. — Jim Egan and Jeff Tertel of Grubb & Ellis’ Philadelphia office have completed the sale of a 4,000-square-foot retail building at 7145 Frankford Ave. in Philadelphia. Police and Fire Federal Credit Union purchased the facility from Bio-Medical Applications of Pennsylvania for an undisclosed price.
Also in Philadelphia, Nobel Learning Communities renewed its lease for 12,429 square feet of office space located at 510 Walnut St. Egan and Tertel represented the lessee in the transaction. The space was leased from Broadway Penn Mutual Office Fee LP. In Wayne, Jim Dugan and John Perkins of Grubb & Ellis’ King of Prussia office and Craig Scheuerle, Jack Soloff and Matt Guerrieri of Grubb & Ellis’ Philadelphia office represented Essent US Holdings Inc. in lease negotiations at 201 King of Prussia Rd. The lessee leased 15,759 square feet of office space from Brandywine Realty Trust. In addition, Matt Devine of Grubb & Ellis’ King of Prussia office represented the Mentholatum Company in a lease extension in Horsham. The tenant extended its lease of 12,786 square feet of office space at 111 Rock Road in Horsham. The property was leased from Liberty Property Trust.
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