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Wayfair to Open 95,000 SF Store at North Hills Village in Pittsburgh

Taylor Williams — Fri, 30 Oct 2026 14:00:02 +0000

PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.

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CBRE Arranges $85M in Financing for Apartment Community in Downingtown, Pennsylvania

Taylor Williams — Wed, 28 Oct 2026 14:07:03 +0000

DOWNINGTOWN, PA. — CBRE has arranged $85 million in financing for Mi-Place at Downingtown, a 318-unit apartment community located on the western outskirts of Philadelphia. The property features one-, two- and three-bedroom units and amenities such as a pool, clubhouse, fitness center, pickleball courts and a dog park. Matthew Klauer and Cassandra Russell of CBRE arranged the loan through Barings on behalf of the owner, Fernmoor Homes.

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First Industrial Leases 708,000 SF Building in York, Pennsylvania

Taylor Williams — Fri, 23 Oct 2026 14:01:34 +0000

YORK, PA. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) has leased the entirety of First Logistics Center @ I-83, a 708,000-square-foot building in the Central Pennsylvania city of York. The tenant was not disclosed. The address and specific features of the building were also not disclosed, but the site offers proximity to interstates 76, 81 and 78, as well as Harrisburg International Airport. Leah Balerno, Ryan Barros, Vincent Ranalli, Patrick Lafferty and Bill Pellington of CBRE represented First Industrial in the lease negotiations.

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Geisinger Tops Out 600,000 SF Healthcare Project in Wilkes-Barre, Pennsylvania

Taylor Williams — Fri, 23 Oct 2026 13:57:23 +0000

WILKES-BARRE, PA. — Geisinger Health System has topped out construction of 600,000-square-foot project in Wilkes-Barre, located in northeastern Pennsylvania. The 11-story inpatient facility is being developed as part of the Geisinger Wyoming Valley Medical Center expansion. Project partners include architect FCA, general contractor Turner Construction, structural engineer O’Donnell and Naccarato and steel fabricator Beauce Atlas. Completion is slated for 2028. As part of the project, Geisinger is also renovating 102,000 square feet of existing hospital space and a pedestrian bridge that connects the project to a medical office building that is also under construction on campus.

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Speed Bay Warehouse Solutions Buys 488,936 SF Industrial Portfolio in Greater Philadelphia

Taylor Williams — Mon, 19 Oct 2026 14:16:53 +0000

PHILADELPHIA —Denver-based investment firm Speed Bay Warehouse Solutions has purchased a portfolio of eight industrial buildings totaling 488,936 square feet in the greater Philadelphia area. Collectively known as the Philadelphia Interstate Portfolio, the buildings are located throughout New Jersey’s Burlington County and Pennsylvania’s East Montgomery and Delaware counties. Building vintages span 1972 to 2004. The average unit size is 20, 372 square feet, and the buildings’ clear heights range from 17 to 33 feet. The portfolio was approximately 90 percent leased at the time of sale. The seller and sales price were not disclosed.

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GSK to Invest $800M in Metro Philadelphia Life Sciences, Manufacturing Facilities, Create 300 New Jobs

Taylor Williams — Mon, 19 Oct 2026 11:51:00 +0000

UPPER MERION, PA. — Global pharmaceutical company GSK plc (NYSE: GSK) will invest $800 million in its life sciences and manufacturing facilities in metro Philadelphia, an initiative that is expected to create about 300 new jobs within the local economy. The announcement is a follow-up to the company’s pledge in late September to invest $30 billion in research-and-development (R&D) and manufacturing initiatives over the next five years, with $1.2 billion earmarked for expanding its existing technologies and advanced manufacturing sites, including its metro Philadelphia facilities. The existing facilities are located in Upper Merion Township, about 20 miles northwest of Philadelphia. The expansion will involve some demolition of existing facilities to establish a biopharmaceutical innovation and manufacturing hub, integrating commercial production, R&D and advanced digital capabilities in a single site. Construction is scheduled to begin next year. The new jobs are expected to be created over a five-year period, bringing GSK’s total employment in the region to about 4,500 positions. GSK announced a similar $800 million investment in its pharmaceutical and biotechnology facilities in Lancaster, about 70 miles west of Philadelphia, about two years ago. The company will be eligible for tax benefits through Pennsylvania’s Qualified Manufacturing Innovation and Reinvestment Deduction…

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Larkin Associates Begins Leasing Phase II of 420-Unit Multifamily Development in Forks Township, Pennsylvania

Taylor Williams — Thu, 15 Oct 2026 14:10:31 +0000

FORKS TOWNSHIP, PA. — New Jersey-based owner-operator Larkin Associates has begun leasing Phase II of Trailside Village, a 420-unit multifamily development located in the Lehigh Valley community of Forks Township. Trailside Village is a 22-building apartment community with one- and two-bedroom units that also features 27,000 square feet of commercial space that can support retail, office and healthcare uses. Residential amenities include a fitness center, resident lounge, game room, tot lot, pet salon and walking and biking trails. Leasing of Phase II commenced in August, and 26 of those 75 units are now occupied. Information on starting rents was not disclosed.

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Joint Venture Buys 78-Unit Seniors Housing Complex in Metro Philadelphia

Taylor Williams — Thu, 15 Oct 2026 13:57:47 +0000

PAOLI, PA. — A joint venture between Senior Living Transformation Co. and Sabal Investment Holdings has purchased Daylesford Crossing, a 78-unit seniors housing complex located in the western Philadelphia suburb of Paoli. Opened in 2015, Daylesford Crossing offers assisted living and memory care services and amenities such as a media room, wellness room, library and a salon, as well as an onsite healthcare facility. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, Boston-based investment firm AEW Capital Management, in the transaction.

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Benchmark, Regal Ventures Buy 85,053 SF Industrial Building in Easton, Pennsylvania

Taylor Williams — Wed, 14 Oct 2026 12:21:55 +0000

EASTON, PA. — A partnership between Pennsylvania-based developer Benchmark Real Estate and New York City-based investment firm Regal Ventures has purchased an 85,053-square-foot industrial building in Easton, located in the Lehigh Valley. Constructed on 12.4 acres in 1972, the building at 100 Kuebler Road is located within Forks Industrial Park and houses the global headquarters of Human Active Technology (HAT), a designer and manufacturer of ergonomic workspace solutions. The seller and sales price were not disclosed. The new ownership plans to expand the facility by 70,000 square feet.

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Strong Tenant Sales Keep Philadelphia Retail Market Humming

Taylor Williams — Tue, 13 Oct 2026 11:52:00 +0000

By Taylor Williams “People are still spending money.” That’s what Nick Skeparnias, principal at Agora Commercial Realty Partners, a full-service advisory and development firm, identifies as the single-biggest point of optimism about the state of the greater Philadelphia retail market. According to data from the U.S. Commerce Department, U.S. retail sales totaled roughly $774 billion in August, a 1.2 percent increase over the previous month. The Wall Street Journal also reports that spending in discretionary categories of retail, namely electronics and appliances, rose by 1.6 percent in August versus July. And according to both The Journal and Breitbart, the actual volume of retail sales in August exceeded economists’ expectations by anywhere from 40 to 70 basis points. Within Skeparnias’ simple, five-word declarative statement, there’s no question that “still” is the operative term. “Retail is only as good as the money that people have to spend on it,” he elaborates. “So when you consider the biggest concerns for this asset class, there’s nothing specific to retail itself, but issues that are more global. There’s always going to be something at the retail level; first it was e-commerce, then COVID-19. Now we have AI [artificial intelligence], and if that starts taking people’s…

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CBRE Brokers Sale of 133,717 SF Shopping Center in Bartonsville, Pennsylvania

Taylor Williams — Fri, 09 Oct 2026 15:26:26 +0000

BARTONSVILLE, PA. — CBRE has brokered the sale of Shops at Crossroads, a 133,717-square-foot shopping center in Bartonsville, located roughly midway between Allentown and Scranton in Eastern Pennsylvania. Grocer GIANT anchors Shops at Crossroads, which was built in 2009 and is also home to tenants such as Visionworks, Red Lobster, Jersey Mike’s and CosmoProf. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Endurance, Long Wharf Buy 110,883 SF Industrial Portfolio in Bensalem, Pennsylvania

Taylor Williams — Thu, 08 Oct 2026 14:40:04 +0000

BENSALEM, PA. — A partnership between affiliates of regional owner-operator Endurance Real Estate and Boston-based Long Wharf Capital has purchased a portfolio of two industrial building totaling 110,883 square feet in Bensalem, a northern suburb of Philadelphia. The building at 3366 Marshall Lane totals 69,945 square feet and features a clear height of 21 to 29 feet. The building at 3350 Progress Drive totals 40,888 square feet and features a clear height of 18.5 feet. Pat Gilmore and Mike Borski of The Flynn Co. represented the undisclosed seller in the transaction. Endurance plans to implement capital improvements within the portfolio and has tapped Avison Young as the leasing agent.

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Provident Industrial Underway on 257,040 SF Industrial Project in Limerick, Pennsylvania

Taylor Williams — Mon, 05 Oct 2026 13:20:06 +0000

LIMERICK, PA. — Provident Industrial, a division of Dallas-based development and investment firm Provident, is underway on construction of a 257,040-square-foot industrial project in Limerick, about 35 miles northwest of Philadelphia. Specific building features for the project at 300 Keystone Drive were not disclosed, but the facility will be able to support logistics, advanced manufacturing and/or e-commerce users. Completion is slated for next summer. CBRE is marketing the project for lease.

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Partnership to Undertake Mixed-Use Redevelopment Project in Lititz, Pennsylvania

Taylor Williams — Thu, 01 Oct 2026 13:58:30 +0000

LITITZ, PA. — A group of real estate investors doing business as Lititz Run Partnership LLC will undertake a mixed-use redevelopment project in the town of the same name, which is located about 75 miles northwest of Philadelphia. The partnership has purchased the 98,000-square-foot former Morgan Paper Mill, which was originally built in 1930, renovated in 1989 and fully restored in 2018. The converted development will be known as The Morgan and will feature residential, commercial and hospitality uses. Stephen Marzullo, Adam Silverman, Jeremy Shyk, David Sickler and Scott Miller of CBRE represented the seller, Penn Medicine Lancaster General Health, in the sale of the property.

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Realterm to Develop Cargo Handling Facility at Harrisburg International Airport

Taylor Williams — Tue, 29 Sep 2026 14:21:48 +0000

HARRISBURG, PA. — Realterm, a global investment manager focused on transit-oriented properties, will develop a cargo handling facility at Harrisburg International Airport that could ultimately have a footprint as big as 105,000 square feet. Developed in partnership with the Susquehanna Area Regional Airport Authority, the facility will feature 135-foot truck court depths, skylights, motion-sensor LED lighting, EV-ready infrastructure and an engineered slab capable of supporting specialized cargo needs. A tentative construction timeline was not disclosed.

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BNY Signs 42,000 SF Office Lease in Wayne, Pennsylvania

Taylor Williams — Wed, 23 Sep 2026 13:28:03 +0000

WAYNE, PA. — BNY has signed a 42,000-square-foot office lease in Wayne, about 20 miles northwest of Philadelphia. The global financial services company will occupy the entire second floor of a three-story building within Chesterbrook, a 14-building office campus. Whit Hunter, Mike MacCrory and Doug Newbert of JLL represented the landlord, Rubenstein Partners, in the lease negotiations. JLL also represented BNY.

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CBRE Arranges Sale of 91,306 SF Office Building in Camp Hill, Pennsylvania

Taylor Williams — Mon, 21 Sep 2026 13:28:48 +0000

CAMP HILL, PA. — CBRE has arranged the sale of West Shore Office Center, a 91,306-square-foot office building in Camp Hill, a southern suburb of Harrisburg. The seven-story building at 214 Senate Ave. was fully leased at the time of sale to tenants such as Morgan Stanley, Merrill Lynch, JEM Group, Hersha Hospitality and the U.S. Army Corp. of Engineers. Steve Marzullo, Adam Silverman, Jeremy Shyk and David Sickler of CBRE represented the undisclosed seller in the transaction and procured the buyer, locally based investment firm Linlo Properties.

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Nokia to Undertake $30M Expansion of Lehigh Valley Semiconductor Facility

Taylor Williams — Thu, 17 Sep 2026 14:36:07 +0000

UPPER MACUNGIE, PA. — Nokia will undertake a $30 million expansion of its photonic semiconductor advanced test and packaging facilities and operations within the Lehigh Valley city of Upper Macungie. The initiative is expected to create about 250 new jobs, effectively doubling the Finnish telecommunications company’s regional workforce, and to account for an estimated economic impact of $500 million over the next five years. According to Lehigh Valley Live, the investment will allow for Nokia to increase production capacity at its Upper Macungie facility by a factor of 10, and the company has also leased additional industrial space for “future product development and logistics.”

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Matthews Negotiates Sale of 513-Unit Self-Storage Facility in State College, Pennsylvania

Taylor Williams — Thu, 10 Sep 2026 13:31:46 +0000

STATE COLLEGE, PA. — Nashville-based brokerage firm Matthews has negotiated the sale of a 513-unit self-storage facility in State College, home of Penn State University, and the facility is located about four miles from campus. State College Storage is a newly constructed facility that features climate-controlled and drive-up units for a total of 58,800 net rentable square feet. Austin McLeod and Jack Connelly of Matthews represented the seller, an undisclosed private developer, in the transaction. U-Haul purchased State College Storage for an undisclosed price.

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Independence Realty Trust, Centerspace to Merge in $8.1B Transaction

Kristin Harlow — Thu, 10 Sep 2026 12:00:00 +0000

PHILADELPHIA — Independence Realty Trust Inc. (NYSE: IRT) and Centerspace (NYSE: CSR) have entered into a definitive merger agreement under which the two companies will combine in an all-stock transaction valued at $8.1 billion, including debt. The combined multifamily REIT will own and operate 163 properties totaling 44,354 units across 17 states. According to Scott Schaeffer, chairman and CEO of IRT, the deal will pair IRT’s Sun Belt portfolio with Centerspace’s Midwest and Mountain West communities. He also cites greater efficiencies across a larger operating base and an expanded value-add renovation program. The combined company is expected to have a pro forma equity market capitalization of approximately $5 billion. Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Centerspace shareholders will receive 3.8 shares of IRT common stock for each share of Centerspace common stock owned. Upon closing, IRT stockholders will own approximately 78 percent of the combined company’s equity, while Centerspace shareholders will own roughly 22 percent. IRT’s management team will continue to lead the combined company. Schaeffer will serve as chairman and CEO, and James Sebra will serve as president and CFO. Upon completion of the merger, the…

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