What is your most notable project, deal or transaction?It’s hard to pick one, but the one that I’d say I poured the most of my heart and soul into was the closing of the construction financing for The Atlantic. The Atlantic is the redevelopment of an office building in a “Main and Main” location in Center City Philadelphia into what will be the premiere, market-leading residential rental building in the city when it is complete. As with a typical Post project, we aimed to bui
What is your greatest professional accomplishment? Winning the Gold Award at The Condo Shop / TCS Management. What is your most notable project, deal or transaction? I worked with a world traveler, Corporate Executive, family who wanted to live in Philadelphia but did not feel they could find the new and posh style they were used to abroad. On our last stop I took them to Philadelphia’s latest high-rise and she found her “Philly home.” What impact has social media / networkin
Experience: Since joining JLL in 2011, Alex has completed over 500,000 s/f of tenant representation transactions and has helped secure over 4 million s/f of landlord representation assignments. In his current role, Alex has facilitated the strategic placement and planning of Tenants in the Philadelphia CBD and surrounding suburbs through combining site selection, occupancy planning, budgeting, quantitative & qualitative analysis and flexibility analysis to achieve his client’
Philadelphia, PA —Thomas Kramer, president of TDK Commercial Advisors (TDKCA), announced a series of newly completed office leases on behalf of several clients in Pennsylvania.
TDKCA represented Roch Capital at the King Of Prussia Business Center in leasing more than 19,000 s/f to a variety of tenants. Neuma has leased over 4,200 s/f. The tenant will be moving into the 1009 building, and was represented by Mike Maloney of Newmark Knight Frank. Stylelabs, a technology company
PHILADELPHIA, PA — The Goldenberg Group has begun construction on a $199 million student housing development adjacent to its signature student tower, The View at Montgomery.
Located at 12th St. and Cecil B. Moore Ave., the 470,000 s/f mixed-use facility will feature 984 beds.
The project will incorporate 30,000 s/f of ground-level retail, restaurant and commercial space and activity areas.
The project represents the second and final phase of Goldenberg’s master planned
PHILADELPHIA, PA — Keystone Property Group announced that it has launched leasing for Lyndon at The Curtis, a new collection of 63 luxury apartment homes located in the heart of Philadelphia’s Washington Square neighborhood. Set on the western edge of Independence Mall at Sixth and Walnut streets, Lyndon at The Curtis comprises a mix of spacious studio, one-, two- and three-bedroom apartment homes, including four bi-level penthouse units with outdoor terraces overlooking hist
University City / Philadelphia, PA — A distinctive, livable urban neighborhood of wide porches, tree-lined streets, restaurants and shops, University City is home to the latest Gebroe-Hammer Associates Philadelphia multi-family portfolio sale encompassing a total of 83 units and 20 properties sold for $14 million. Senior vice president Eli Rosen, the firm’s Philadelphia market specialist, represented the seller, West Village UCA, and procured the buyer, a private investor, in
Philadelphia, PA — Thomas Kramer, president of TDK Commercial Advisors (TDKCA), announces a series of newly completed office leases on behalf of several clients in Pennsylvania. TDKCA represented Roch Capital at the King of Prussia Business Center in leasing more than 11,000 s/f to the International Ministries at 1003 West 9th Ave. The non-profit organization will occupy the space before year end, for administrative offices. The lease had a value of over $2.4 million. Also at
Philadelphia, PA— Brandywine Realty Trust (Brandywine) announced a $5.6 million job creation and community engagement program as part of Phase I of its Schuylkill Yards development in University City. In developing this program, Brandywine worked collaboratively with neighborhood groups and stakeholders to create Philadelphia’s largest and most innovative neighborhood engagement initiative to date. Through a combination of direct program implementation and grant funding, this
Sprouts Farmers Market, an organic and natural foods grocer with 268 stores in 15 states, is reportedly planning on a new store in Philadelphia, PA and Moorestown, NJ. Both stores would represent the first in each state. The Philadelphia store is planned for Lincoln Square at Broad St. and Washington Ave. in South Philadelphia, a mixed-use development that Kimco is involved in. The Moorestown store would inhabit part of the space in the Moorestown Mall that Macy’s recently va
PHILADELPHIA,PA — Marcus & Millichap Capital Corp. (MMCC) arranged $10.75 million in financing for luxury apartment project in Philadelphia. Matthew Rosenberg, a director in MMCC’s Philadelphia office arranged the debt placement. Rosenberg worked closely with Phil Sharrow, multifamily and mixed-use investment sales professional in Marcus & Millichap’s Philadelphia office. “Our advisory approach gave the client the option to sell or refinance and based on their financial goals
Philadelphia, PA — CBRE Group, Inc. (CBRE) announced that the team of Matthew Gorman and Michael Shover have brokered the sales of three Sheetz properties in the month of February, totaling $5.7 million.
The three Sheetz are located in Altoona, Pennsylvania (6,500 s/f), Ebensburg, Pennsylvania (4,997 s/f) and Burlington, North Carolina (4,200 s/f). CBRE represented the seller in all three properties, as well as the buyer of the Burlington location.
“Our clients have trust
Philadelphia, PA — CBRE Group, Inc. (CBRE) announced that the team of Michael Shover and Matthew Gorman have brokered the sales of thirteen properties in the first sixty days of 2016, totaling $26,673,150. In all thirteen transactions, CBRE represented the sellers.
The thirteen properties include two Rite Aid’s located in Monroeville, PA and Creedmoor, NC; two Family Dollar Store’s in Alliance, NC and Hookerton, NC; a Burger King and Applebee’s both located in Warren, PA; a
PHILADELPHIA, PA — Greenberg Traurig represented a joint-venture led by MRP Realty in their acquisition of a controlling interest of the owners of a portfolio of office, retail and parking facilities in the Old City neighborhood of Center City. The portfolio includes the Bourse building, a beautiful historic office and retail building which used to be Philadelphia’s original trading floor, as well as the adjacent Bourse Garage and movie theater, and the 325 Chestnut St. and 4
PHILADELPHIA, PA — Marcus & Millichap has arranged the sale of a portfolio of retail assets that includes nine buildings in the Philadelphia metropolitan area. The portfolio features the Quarry Crossings shopping center in Downingtown, and five other assets, known as “Restaurant Row,” located in Trevose. The properties were offered separately and as a portfolio to provide flexibility in the marketing process, which focused on private and institutional buyers. The purchaser ac
Philadelphia, PA — Colliers International Capital Markets (CICM), a provider of commercial real estate finance and capital markets expertise, has arranged $28.078 million of debt for the refinance of Campus Heights Student Housing, serving the Penn State Harrisburg campus. Campus Heights consists of 111 units for a total of 444 beds. Kristopher Wood and John Banas, both senior vice presidents/directors in CICM’s Philadelphia office, arranged the loan.“The borrower wanted to t
Philadelphia, PA — J2 Design Partnership, a branding, strategy and visual communications firm located in Philadelphia, recently welcomed Cody Lowry as its new director of strategic partnerships. In this role, Cody will champion all aspects of J2’s business efforts with a focus on establishing and fostering client relationships, strategic partners, and other collaborators that enrich and support the firm’s overall mission and objectives. J2, which is known for recent, notable
PHILADELPHIA, PA —Cope Linder Architects, LLC, of Philadelphia has promoted senior associate Cheryl Smith, AIA, LEED AP, to principal. A former senior associate, Smith becomes the first woman on the six-person leadership team. She leads the firm’s technical side of practice, managing projects for the W Hotel, 1300 Fairmount, and The Borgata.
Smith has over 25 years of experience in mixed-use, office, retail, and hospitality design. She serves as co-chair of the Building Encl
PHILADELPHIA, PA — Holliday Fenoglio Fowler, LP (HFF) has closed the $6.275 million sale of Treasure Island Retail and the $7.25 million sale of Treasure Island Storage, two assets located on adjoining sites in the Philadelphia suburb of Cherry Hill, NJ. HFF marketed both properties on behalf of the seller, Cayre Equities, who sold the properties in two separate transactions. An affiliate of Paragon Realty Group LLC purchased Treasure Island Retail, and Extra Space Storage pu
PHILADELPHIA, PA — TD Bank, America’s Most Convenient Bank, has named John Thacher as assistant vice president, account manager in commercial real estate in Philadelphia. He is responsible for managing loan relationships within a large portfolio of commercial real estate loans, serving commercial customers across Metro Philadelphia.
Thacher has six years of experience in commercial real estate. Prior to joining TD Bank, he served as an assistant director at Studley, Inc. in