Philadelphia

In New Jersey, the arranged sales involving 3,683 units with a sales value in excess of $606.8 million in 2019. In the Greater Philadelphia metro region, Gebroe-Hammer Associates orchestrated more than $455 million in sales totaling more than 4,265 units last year.

Asking rents in Philadelphia's core contracted over the quarter, but were still higher from earlier in the year, according to the Savills report.

The properties sold include retail stores, a distribution facility and office space. Bed Bath & Beyond will continue to occupy these properties pursuant to long-term leases.

The sporting goods retailer will house its logistics and distribution operations in 312,373 square feet of space at the newly built 569,147-square-foot facility, reports CBRE, which was a broker in the transaction.

The city's Rebuild program reports that in the first 12 months since the beverage tax funding was released, work has begun at 61 facilities across the city.

The addition of G&P increases NFI's footprint to more than 300 locations throughout North America, employing more than 12,600 associates. The purchase of G&P further deepens NFI's industry expertise throughout diverse industries such as automotive, tires, retail and textiles.

The five B-Pieces that Morgan Properties acquired had a total face amount of $400 million. Additionally, $674 million, or 13% of the total unpaid principal balance were loans where Morgan Properties was also the underlying borrower.

The 96,000-square-foot building is mostly occupied by Thomas Jefferson University Hospitals Inc. (Jefferson Health) under a long-term lease.