Philadelphia

The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.

"Retail assets offer competitive risk-adjusted returns in today's commercial real estate climate, and more capital is entering the space," says HFF's Chris Munley.

"The sale was driven by a long-term absolute triple-net lease," says STREAM Capital's Phil DiGennaro. "The private buyer was in a large 1031 exchange and was drawn to the company's headquarters location outside of Pittsburgh.”

"It's a carefully calculated risk," Dranoff told GlobeSt.com in 2016. "It's just a bullseye location, you just can't get a better location."

The property, developed in 2013 as a build-to-suit for Endo Pharmaceuticals, has a full-service cafeteria, fitness center, coffee bar, training rooms, and a data center.

"The Locks interacts with the local architecture and land plan to create an exceptional sense of place, and an exciting homeownership opportunity," says Resmark's Alexandra Johns.

“The Lehigh Valley has emerged as a new source for companies with large space requirements that also benefit from proximity to the region's major consumer bases,” says Brandi Hanback of the Rockefeller Group.

"AREP is actively working on additional acquisitions to complement its growing portfolio in the market," says Paul Schulman, AREP principal and chief operating officer.