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With the Fourth of July, Transwestern's SVP Robert Vicci emphasizes although the transition to civilian life can be difficult for veterans, commercial real estate provides good options.
The Lourdes Health System includes Our Lady of Lourdes Medical Center in Camden, NJ; Lourdes Medical Center of Burlington County, Lourdes Medical Associates, and Lourdes Cardiology Services—all of which are now part of Virtua.
Secaucus, NJ-based Hartz Mountain sold 155 Tice Blvd. to Sheila Properties. The property is fully-occupied by Eisai, Inc., the American subsidiary of global Japanese-based pharmaceutical company Eisai Co. Ltd.
The Des Plaines, IL-based commercial real estate firm secured the financing from PCCP, LLC of New York City. The loan will repay the existing construction loan and provide additional time for lease-up and stabilization of the five-story 181-unit luxury apartment property.
The Wayne, PA-based firm sold 800 Walnut St., a 12-story 153,242-square-foot medical office building for $99.25 million to the University of Pennsylvania Health System. Liberty Property Trust developed the medical office tower in 2013 for $48.5 million.