The Most Comprehensive Source for Commercial Real Estate News in the Region 

Spring House, PA — Newmark Grubb Knight Frank (NGKF) is pleased to announce that Justin Bell, managing director, and Neil Shupak, senior managing director, have completed two leases for The Center for GI Health (CGI), including a 14,490 s/f lease in Lansdale, Pennsylvania, and a 2,000 s/f lease in Spring House. Bell and Shupak assisted CGI with its site selection analysis, ultimately securing 14,490 s/f at 815 Sumneytown Pike (Brookview I ) in Lansdale. The Brookview I locat

Washington, DC — A new joint venture between Chicago-based Origami Capital Partners and an affiliate of Westport, CT-based Greenfield Partners has launched development of an 85-acre site on Metrorail’s Silver Line less than one mile from Washington Dulles International Airport. The Hub, formerly known as Dulles World Center (DWC), is slated for a billion-dollar buildout to become an iconic, 24-hour mixed-use gateway combining retail, entertainment, multi-family residential, o

Rockaway, NJ — Newmark Grubb Knight Frank (NGKF) announced that it represented owner, Lexington Realty Trust, in the leasing of its property at 333 Mount Hope Ave. in Rockaway. The three-story, 92,000 s/f building is now occupied entirely by Atlantic Health System as the property’s sole tenant. The 12-year lease was brokered by NGKF vice chairman David Simson, senior managing director Jamie Drummond and executive managing director Tim Greiner. The tenant was represented by Br

WEST ORANGE, NJ —The Industrial and Office Real Estate Brokers Association of the New York Metropolitan Area (IOREBA), recently hosted its 46th Annual Jeffrey Siegel Memorial Golf and Tennis Outing at the Crestmont Country Club in West Orange. IOREBA’s annual golf outing brings the New Jersey real estate community together, and is a time to welcome the organization’s new slate of officers. Current president, Adam Silver, managing director of Newmark Grubb Knight Frank han

WILMINGTON, DE — Medistar Corp. acquired a 264,000 s/f office building at 3 Beaver Valley Rd. in Wilmington for $61.8 million, marking the first mid-Atlantic investment for the Houston-based developer and investor. The class A building is 94% occupied with Farmers Insurance Exchange as the anchor tenant following significant recent lease-up efforts by Newmark Grubb Knight Frank (NGKF). NGKF Capital Markets represented both the buyer and seller, an entity controlled by KBS Rea

CHERRY HILL, NJ — Industrial Investments, Inc. of Blue Bell, PA announced that it has recently signed a new long term lease for 38,040 s/f of industrial space with TXX Services, Inc. at its building located in the Cherry Hill Industrial Park at 11 Perina Blvd., Cherry Hill. 11 Perina Blvd. is a 229,895 s/f multi-tenant warehouse/light industrial building. This location will serve as the new warehouse and distribution center for TXX Services, who is an industry leader in speci

PITTSBURGH, PA — Newmark Grubb Knight Frank (NGKF) represented Pennsylvania State University (PSU) in the new location of the Penn State Center and Exchange to the historic Hill District neighborhood of Pittsburgh. PSU has signed an 11,000 s/f lease at the Energy Innovation Center (EIC), located at 1435 Bedford Ave. The 185,000 s/f EIC was constructed in 1930 and formerly served as the Connelly Trade School. The Penn State Center and Exchange, which will house community outre