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KING OF PRUSSIA, PA—The Upper Merion Board of Supervisors voted unanimously last week to adopt a zoning ordinance that will permit mixed-uses in the King of Prussia business park.
PEARL, MS—A single-tenant Safelite AutoGlass property in the Jackson-Medgar Wiley Evers Airport Metroplex Commercial Park here has been sold for a little more than $2.3 million.
PLATTSBURGH, NY—SpencerARL New York, a transportation assembly firm, is expanding its presence here. The company has signed a lease for an 80,000-square-foot building at The Development Corp.'s Air Industrial Park.
NEW YORK CITY—The owner of the One Chase Manhattan Plaza office tower here reports it has struck a partnership with JLL on the leasing of the 2.2-million-square-foot building.
TYSONS, VA—Sprawling car dealerships in communities such as Tysons and Springfield, VA are relocating elsewhere in order to make way for transit-oriented development projects.
MORRIS PLAINS, NJ—The 63-acre former Pfizer complex here has been vacant since the pharmaceutical firm left the property in 2011 and will likely continue to be until litigation surrounding the property's development is resolved.
PHILADELPHIA—Locally-based ACE American Insurance Co. has filed suit against Triple Five, the developer of the American Dream retail and entertainment complex in East Rutherford, NJ charging that Triple Five “fraudulently conveyed” the land lease on the property in order to skirt a $5.2-million judgment.
ALBANY, NY—The 677 Broadway office tower in downtown Albany has been sold in a deal valued at $34.5 million to Shellbourne Capitol LLC of Brooklyn, NY.