LOWER GWYNEDD TWP., PA-The New Jersey-based pharmaceutical giant buys a 154-acre site here for construction of new headquarters for its US Human Health Division and plans to add 375,000 sf to its existing Upper Gwynedd property.

BOOTHWYN, PA-As a maker of bulletproof vests subleases the remaining 38,000 sf in the 172,500-sf industrial complex, municipal authorities are set to approve sites for build-to-suits of up to 300,000 sf on the 84-acre property.

HARRISBURG, PA-In addition to acquiring the 223,000-sf shopping center here, the REIT announces plans to redevelop a South Carolina asset that will include a Lowe's and Super Wal-Mart, and inks leases with major tenants elsewhere.

VALLEY FORGE, PA-The firm adds 2,266 sf to its existing 8,000 sf in a long-term renewal at 2621 Van Buren Ave., a 258,858-sf flex building in the Valley Forge Corporate Center, taking occupancy to 71%.

PHILADELPHIA-The 270,000-sf office property that houses the Striped Bass restaurant is about to trade for approximately $25 million. The seller is a partnership between New York-based Praedium Group and JADS Alliance Equities.

CONCORDVILLE, PA-In a lease valued in excess of $1 million, J&L Building Materials will continue to occupy the one-story, 48,000-sf warehouse in Concord Business Park here for another five years.

TREVOSE, PA-Korman selects CB Richard Ellis to market the 115,000-sf building. The major tenant, Sears Consumer Credit Division, was acquired by Citicorp, which will close the operation at year-end. Substantial renovations will be completed in spring 2005.

MONTGOMERYVILLE, PA-GMAC Commercial Mortgage provides General Hancock Partnership Enterprises a $5.4-million fixed-rate loan that matches the tenant's lease term at the newly built, freestanding facility located near the Montgomeryville Mall.