Philadelphia

"Our new space is a dramatic renovation of a turn-of-the-century former industrial facility," says Diane Smith, GR8 People's CEO.

“This is a stabilized office investment property with zero vacancy, occupied by strong credit tenants with long-term leases,” says John Abuja, IPA senior director.

“Although the financial markets were highly unpredictable, commercial real estate performed the way it has for most of the past several years – with steady growth supported by strong fundamentals,” says Jason Wolf, founder and managing principal of WCRE.

The property sales included 24 bank branches, 15 discount stores, 15 day cares and 14 restaurants across 15 states.

Scott Henderson comes to Duke Realty after four years as senior vice president with Nappen & Associates, a privately held Philadelphia-based industrial real estate development firm.

Despite the rising rents, vacancy rates remained stable at about 14.5%, CBRE's research says, although class A vacancy rates declined from the third quarter.

Jefferson Health is the largest provider of healthcare in Philadelphia. Its recent acquisitions have included Einstein Health and Kennedy Health in South Jersey.

Located in the southeast area of the UNCW campus, the development's first phase is scheduled to service students for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students.