News

Nina Mattis vice chair and chief legal officer of the publicly traded REIT that focuses on ground leases is retiring.

The seven-story 939 Ellis, which Seavest Healthcare Properties acquired in June 2018 for $49 million, consists of 87,189 square feet of rentable office space, and 53 parking spaces. The acquisition marked Seavest's entrance into the San Francisco real estate market.

The eighteen story building will contain 250 market rate multifamily residential units, 150 senior affordable multifamily residential units, 19,000 square feet of street level retail and over 600 parking spaces.

With this lease, the REIT will have leased 80% of the space vacated by Blank Rome law firm.

Late last month, Bridge Development Partners acquired the 304,428-square-foot complex from Sherm Realty Corp., an affiliate of Weston, FL-based Apotex Corp. for $38 million.

Hunt, a highly regarded office real estate specialist, will help expand firm's consultation and tenant-representation practice in Philadelphia and Wilmington.

Serot has been directly involved in more than $6 billion in transactions since joining the firm in 2001.

The licensed apparel manufacturer Isaac Morris Limited inked an 11-year lease at 48 W. 37th St.