Real Estate
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House of the Week: 137 Airdale Road, Bryn Mawr
Magnificent one of a kind home in the heart of Northside Bryn Mawr. Your breath will be taken away as you enter into this sun-drenched home with sweeping views from multiple walls of windows and doors of the gorgeous landscaping. An elegant Foyer welcomes you inside this home with an open floor plan for today’s…
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Ardmore’s Tired Hands Brewing looks to plant roots in Philadelphia with a beer garden
Tired Hands Brewing, based out of Ardmore, could be heading into Philadelphia by way of a beer garden if all the pieces fall into place. The New Kensington Community Development Corporation (NKCDC) confirmed to PhillyVoice that the Ardmore-based brewery plans on opening a beer garden along Frankford Avenue later this summer. The news was announced at an…
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Keystone prepares for Conshohocken Sora West development
The Keystone Property Group has put up for sale nine of its suburban office buildings totaling nearly 700,000 square feet, including 1000 Madison Ave., a 101,650-square-foot office building in Trooper, and Valley Forge Park Place, a two-building office complex totaling 158,241 square feet at 1016 and 1018 W. 9th Ave. in King of Prussia. The company…
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Architects create ‘high end’ Blue Bell office space
The architectural firm Kimmel Bogrette settled in Blue Bell five years ago and opened its revamped office space there in December 2017. The office feels similar to a high-end hotel concierge space with a variety of spots to socialize, eat and lounge, writes Calra Lefton at bizjournals.com. [uam_ad id=”54865″] The company started out in the…
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House of the Week: 931 Crestmont Road, Bryn Mawr
Look no further. Set in a premier North-side Bryn Mawr location at the end of a quiet cul-de-sac street, this beautiful residence features a secluded 1.31-acre lot with pool, stunning Gardner Fox renovations throughout and a newer cedar shake roof, convenient to renowned schools, shopping, restaurants, all forms of transportation, Center City Philadelphia, the Airport…
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Teva’s plans for North Wales properties up in the air
With the Israeli pharmaceutical company Teva set to move its U.S. headquarters from North Wales to Parsippany, New Jersey, plans for its properties in the Philadelphia suburbs remain uncertain. The company has leases on three buildings in North Wales, which are owned by Nappen & Associates, writes Natalie Kostelni at bizjournals.com. [uam_ad id=”54865″] David Barnhart of Nappen said…
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Barron’s magazine gives props to Horsham-based Toll Bros.
Horsham, Pa.-based Toll Bros.’ shares look cheap as concerns about higher mortgage interest rates and high labor and lumber costs may be overblown, according to Barron’s magazine. “Toll has a high-quality land base and a good management team that has the ability to deploy capital through buybacks and other actions to improve returns,” RBC’s Michael Dahl,…
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House of the Week: 11 Overhill Road, Bala Cynwyd
Looking for a renovated, move-in-ready, stately 1920’s stone colonial with incredible curb appeal perfectly nestled on a beautifully landscaped lot in college park, Bala Cynwyd’s most desired quiet-family-friendly neighborhoods with tree-lined streets and sidewalks? Look no further… This 5 bedroom, 3 1/2 bath, sun drenched colonial is in move-in condition and features character and details…
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Office complex trades to Blue Bell firm for $11.2M
A partnership involving Corvest Realty Inc. and Balashine Properties is planning to spend $12 million upgrading its new property, the County Line Commerce Center in Warminster, that it just bought for $11.2 million. The five-building, 427,421-square-foot office complex at 101-163 E. County Line Road is 64 percent vacant with a total of 277,681 square feet…
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Developer looks to buy Elkins Estate, Cheltenham
A New Jersey developer has entered talks to purchase the long-vacant Elkins Estate, Cheltenham, for an estimated $6 million. Plans for the 42-acre site are not final, but Landmark Developers of Jersey City is thinking of converting the stables to a distillery, installing a heliport, and possibly adding a spa, a 110-room boutique hotel, a luxury…
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House of the Week: 1550 Mount Pleasant Road, Villanova
Welcome to this grand, Nantucket-style stone and shingle home with stunning architecture, quality finishes and remarkable views. Walk up the stone steps to enter the light-filled two-story foyer, where an arched window spans the room. Straight ahead is the living room with crown molding, large windows, and a bright seating bay with a lovely view…
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Liberty Property to sell Malvern portfolio
Offers are due Thursday on eight properties in Liberty Property Trust’s local portfolio leased on a long-term basis to Vanguard Group in the Great Valley Corporate Center in Malvern. The buildings total 884,000 square feet and could sell for upwards of an estimated $250 million, writes Natalie Kostelni at bizjournals.com. [uam_ad id=”54865″] The sale of these…
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Lower Merion School District faces new challenge in acquiring Stoneleigh
If Lower Merion School District wants to use eminent domain to seize land from a suburban nature preserve, it must obtain court approval. The new hurdle is a result of legislation, developed and introduced by Pennsylvania lawmakers less than a month ago, that passed the state Senate and House by wide margins late last week. Gov. Tom Wolf signed…
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Nebraska tech company opens King of Prussia branch
At the end of last year, Omaha, Nebraska-based fintech company Orion Advisor decided to hire a Philly-based marketing chief based on her track record at companies like eMoney Advisor. Come 2018, since the experiment worked, the company decided to go all in and establish a Philly office around CMO Kelly Waltrich. Currently at four people in a 1,500-square-foot outpost…
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House of the Week: 1543 Welsh Road, Huntingdon Valley
An incredible opportunity! Wind down a private lane to a Charming Stone Colonial overlooking Huntingdon Valley Country Club Golf Course. Nestled on over 3 acres of beautiful, mature landscaping, this 4 bedroom, 5 bath home is special in every way, according to realtor.com [uam_ad id=”54865″] The welcoming entry Foyer leads to a gracious Living Room…
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Workspace Property Trust of Horsham secures $1.3 billion loan
Workspace Property Trust, based in Horhsam, closed this week on a $1.275 billion loan from JPMorgan Chase Bank. In a news release, the company said it plans to use the funds to repay existing shorter-term debt, redeem preferred equity interests and for general corporate purposes, writes Alison Burdo in the Philadelphia Business Journal. [uam_ad id=”54865″]…
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House of the Week: 1740 Meadowbrook Rd., Abington
Introducing Dogwood, an enchanting, absolutely charming and entirely renovated front-to-back 3-story, 6 Bedroom Stone Colonial with 2 Master Suites including one on the 1st Floor, beautifully situated on a magnificent 3.29-acre lot in a superior Meadowbrook location, lushly and colorfully landscaped, with slate roof, attached 4-Car Garage and Carriage House, writes realtor.com. [uam_ad id=”54865″] Hardwood…
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With AmerisourceBergen lease in Conshochocken, list of big tenants gets smaller
With AmerisourceBergen landing at Sora West in Conshohocken, the number of big tenants scouring the Philadelphia suburban office market that could kick off a new building continues to dwindle. Now that mega-tenants are few and far between, the market seems awash in smaller, though still sizable, tenants looking for new office space, writes Natali Kostelni…
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