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This investment expands Admiral's presence in the region, which includes a significant investment as a co-founder of the Fitler Club, opening in Philadelphia in April 2019.
i+iconUSA has more than 70 years of heavy construction experience in Pennsylvania, Maryland, Virginia and Florida, specializing in the transportation, ports and waterways and industrial markets.
In 2018, the market posted just over 4.6 million square feet of occupancy gains, the sixth consecutive year overall net absorption surpassed three million square feet.
Williams has more than 15 years of expertise in project management, commercial real estate development, construction management, and contract negotiation.
Panelists at ALM's GlobeSt.com Philadelphia conference last week say technologies like the "Internet of Things" are making building management and operation considerably more efficient.
“Both parties were able to recognize the potential for a win/win scenario in the transaction,” says CBRE's Michael Curran, “one that expands Linlo's growing office ownership portfolio, while at the same time providing flexibility to Members 1st in planning for their continued growth.”
“The presence of a high-volume grocer, exceptional demographics and a visible location—in the retail heart of a busy Northeast Philadelphia neighborhood—makes Morrell Plaza an attractive place to conduct business,” says Levin Management's Sidney Singer.