Commercial brokerage firm CBRE reported the sale transaction of the fee-interest of 182,753-square-foot Class A property at 2101 Park Center Drive and 2145 Metrocenter Boulevard to Metrocenter Office, LLC.
Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.
“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.
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