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"Obviously, it's the most dramatic, strongest market industrial space has ever seen in its history no matter what statistic you look at," says Liberty Property Trust's Bill Hankowsky.
The publicly-traded, international biopharmaceutical company signed a 10-year lease at the property owned by Brookfield Properties and American Express.
At Home, a national chain of home décor superstores, has signed a 10-year lease for the entire first floor of the retail store comprising 101,488 square feet.
"These 26 new homes will help ensure working families can continue to plant roots in Philly neighborhoods experiencing price appreciation," says City Council president Darrell L. Clarke, who has long championed increasing the City's affordable housing stock.
"Pad sites continue to experience a strong investor demand because of their location, access, visibility, and customer base,” says Marcus & Millichap's Mark Krantz.
The Reading multifamily loans are backed by a local sponsor and management company, whose real estate portfolio consists of 2,000 multifamily units in 15 multifamily properties.