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"Mullen"

PHILADELPHIA — Construction is complete for the new headquarters and distribution center for Penn Jersey. The 255,336-square-foot building is located on 30 acres at 9355 Blue Grass Road in Philadelphia. A joint venture between Dermody Partners and Great Point Investors developed the project as a build-to-suit for Penn Jersey, which is leasing it for a 15-year term. The building has been submitted for LEED-Silver certification. Blue Rock Construction was the project's general contractor. The CB Richard Ellis team of Steve Marzullo, Patrick Green and Michael Mullen represent Penn Jersey in the lease arrangement.

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BRISTOL, PA. — Lexington Realty Trust has signed a 15-year lease with an undisclosed tenant for 241,977 square feet of industrial flex space at 250 Rittenhouse Circle in Bristol. The tenant will use the property, located within Keystone Park, for light assembly, warehouse/distribution and office space. The Binswanger team of Frank Cullen and Chris Pennington represented Lexington in lease negotiations. The CB Richard Ellis team of Michael Mullen and Pat Green represented the tenant.

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HOUSTON — Jamie Mullen of The Woodlands, Texas-based LMI Capital has arranged $4 million in debt for the acquisition of Cedar Branch Apartments in Houston. Located at 1217 Blalock, the 234-unit community features 24 studio, 150 one-bedroom and 60 two-bedroom units. Mullin worked on behalf of the purchaser to secure the financing with one of LMI’s lending sources.

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MERRIMAC, MASS. — Winchester, Mass.-based Klemmer Associates, along with Colliers Houston, has brokered the sale of an 87,700-square-foot industrial building located at 51 E. Main St. in Merrimac, for $2.3 million. Klemmer Associates and Colliers Houston represented the undisclosed seller. The buyer, James F. Mullen Co., was represented by Peter Richardson of Jones Lang LaSalle.

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