PHILADELPHIA-Locally based Meyer & Meyer, Inc. pays $900,000 for theshoe-store-anchored, 8,040-sf neighborhood strip shopping center built in 1979 and 100% leased. The seller is locally based R & O Real Estate Partnership.

PHILADELPHIA-Chicago-based R.R. Donnelley leases 670,000 sf in the four-building former Caterpillar complex in York, PA for a Northeast logistics center to open in third-quarter 2003. Currently vacant, the facility will undergo conversion to a multi-tenant industrial facility.

PHILADELPHIA-Cadient Group consolidates staff from Philadelphia and Malvern, PA to new headquarters in 11,000 sf of leased space in the newly renovated Lee Park office complex owned by King of Prussia, PA-based O'Neill Properties.

PHILADELPHIA-Through a subsidiary that already owns seven hospitals here, the Santa Barbara, CA-based hospital management company adds the 112-year-old, 125-bed medical center at 5800 Ridge Ave. to its Pennsylvania portfolio. Tenet will also keep the Roxborough School of Nursing.

PHILADELPHIA-In separate transactions, the West Conshohocken, PA-based REIT buys a 500,000-sf distribution center in Carlisle, PA for $37.90 per sf and a 289,242-sf distribution facility in Wilkes Barre, PA for $28 per sf.

PHILADELPHIA-The industrial vacancy rate in Philadelphia County's market of primarily second- and third-generation buildings fell to 13.43% in third quarter, down from 13.7% in the previous three months. Net absorption is unlikely to rebound by year-end, according to Trammell Crow Co. research.

PHILADELPHIA-The 252-unit Ranch Village Apartments complex in Parma Heights, OH obtains the mortgage at a 5.95% rate of interest from Mineola, NY-based PW Funding, a Fannie Mae delegated underwriting and servicing firm. The complex is about 40 years old.

PHILADELPHIA-Locally based B&D Properties sells New Garden Plaza II, a 19,317-sf shopping center on West Cypress Street in Kennett Square, PA, for $105 per sf. It was built in 2001, contains 12 tenant spaces, and is 92% leased.