Friday, April 26, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Pennsylvania

Roost-Kelly-Drive-Philadelphia
DevelopmentHospitalityNortheastPennsylvania

Method Co. Opens 33-Room Hotel in Philadelphia’s East Falls Neighborhood

by Taylor Williams

PHILADELPHIA — Method Co., a development and management firm specializing in apartment hotels, has opened Roost Kelly Drive, a 33-room hotel in Philadelphia’s East Falls neighborhood. The complex is located within The Driftway, a 133-unit residential building. Rooms come in studio, one- and two-bedroom floor plans. Morris Adjmi Architects designed Roost Kelly Drive in conjunction with Method’s in-house team. The company developed the property in partnership with Mexican investment firm Cimbra Partners.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNortheastPennsylvania

Greysteel Arranges $8.3M Sale of Eastern Lofts Apartments in Philadelphia

by Taylor Williams

PHILADELPHIA — Greysteel has arranged the $8.3 million sale of Eastern Lofts, an apartment complex in Philadelphia’s Brewerytown neighborhood. According to Apartments.com, the property was built in 2016, totals 37 units in one-, two- and three-bedroom floor plans and houses an onsite daycare and pet play area. Greysteel represented the locally based seller, Mazzarini Real Estate, in the transaction. The locally based buyer requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNortheastPennsylvania

Colliers Brokers Sale of 24-Unit Barclay Flats Apartments in Philadelphia

by Taylor Williams

PHILADELPHIA — Colliers has brokered the sale of Barclay Flats, a 24-unit apartment building in Philadelphia’s Arts North/Fairmount & Ridge neighborhood. The five-story building was originally constructed in 2018 and offers one-bedroom units, according to Apartments.com. Jeff Algatt, Michael Barmash and Larry Steinberg of Colliers brokered the deal. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareNortheastPennsylvaniaRetail

Colliers Arranges Sale of 25,545 SF Retail, Healthcare Building in Kingston, Pennsylvania

by Taylor Williams

KINGSTON, PA. — Colliers has arranged the sale of a 25,545-square-foot retail and healthcare building in Kingston, about 20 miles southwest of Scranton. The building was fully leased at the time of sale, with Vive Health & Fitness serving as the anchor tenant. Other users include Dental Specialists of NEPA and Shine Salon. Jeff Algatt and John Susanin of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNortheastPennsylvaniaSeniors Housing

Marquis Health Begins Renovation of Seniors Housing Campus in Harrisburg

by Taylor Williams

HARRISBURG, PA. — Marquis Health Consulting Services has begun a multimillion-dollar renovation of The Terraces at Capitol Village and Capitol Rehabilitation & Healthcare Center, a senior living and skilled nursing campus in Harrisburg. Work is set to begin this month at the 64-unit Terraces at Capitol Village and will include a complete refresh of the lobby, hallways, main dining room, activity room, theater and private dining room. At Capitol Rehabilitation & Healthcare Center, upgrades to the lobby, dining room, resident rooms and activity areas are underway, with an anticipated fall completion. The 138-bed skilled nursing facility provides post-hospital care, short-term rehab and long-term residential care.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentNortheastPennsylvaniaRetail

Bass Pro Shops to Open 100,000 SF ‘Outdoor World’ Store Near Pittsburgh

by Taylor Williams

SOUTH FAYETTE, PA. — Bass Pro Shops will open a 100,000-square-foot store in South Fayette, a southwestern suburb of Pittsburgh. The outdoor apparel and equipment retailer will operate the two-level store under its “Outdoor World” brand, which features experiential offerings like a gift and nature center. The store, which will be the company’s third in Pennsylvania, is expected to open in 2026 and employ about 130 people.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $7M Sale of Shopping Center in Parkesburg, Pennsylvania

by Taylor Williams

PARKESBURG, PA. — Marcus & Millichap has brokered the $7 million sale of Parkesburg Shopping Center, a 53,319-square-foot retail center located about 50 miles west of Philadelphia. Grocery Outlet and Planet Fitness anchor the 7.7-acre property, which recently underwent a capital improvement program. Other tenants include the U.S. Post Office and Dollar General. Joseph French Jr. and Kodi Traver of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction. The deal traded at a cap rate of 7.5 percent.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNortheastPennsylvaniaRetail

Marcus & Millichap Brokers $12.5M Sale of Lehigh Valley Shopping Center

by Taylor Williams

ALLENTOWN, PA. — Marcus & Millichap has brokered the $12.5 million sale of Parkway Shopping Center, a 133,314-square-foot retail center in the Lehigh Valley city of Allentown. The center was built in 1959 and is home to tenants such as Subway, Dollar Tree, IHOP and State Farm Insurance. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the deal. Neil Campbell and Ian Nordfors of Institutional Property Advisors, a division of Marcus & Millichap, arranged acquisition financing on behalf of the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Xfinity-Live-Philadelphia
DevelopmentNortheastPennsylvaniaRetail

Comcast Spectacor, Cordish to Undertake $12M Renovation of Philadelphia Sports Complex

by Taylor Williams

PHILADELPHIA — Philadelphia-based Comcast Spectacor, in partnership with Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, will undertake a $12 million renovation of the Xfinity Live! sports complex in South Philadelphia. The project will deliver a variety of upgrades to the development’s main public plaza, including the addition of several new terraces and gathering spaces. Comcast Spectacor and Cordish will also make various improvements to interior spaces and building exteriors. Construction will be carried out in phases, will full completion slated for late 2025 or early 2026.

Continue Reading
FacebookTwitterLinkedinEmail
Bala-Consulting-Engineers-Philadelphia
DevelopmentNortheastOfficePennsylvania

Meyer Completes 21,500 SF Office Headquarters Renovation in Wayne, Pennsylvania

by Taylor Williams

WAYNE, PA. — Locally based design firm Meyer has completed the renovation of the 21,500-square-foot office headquarters of Bala Consulting Engineers in Wayne, a northwestern suburb of Philadelphia. The space house a café with gaming options and other amenities that converts to a training and conference room for flexible gathering. Digital signage highlights messaging from all of Bala’s office locations. Other features include video conferencing cameras, room reservation systems, mobile AV capabilities and conference room occupancy sensors.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts