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The portfolio includes two well-located suburban office warehouse properties in Golden Valley and Hopkins that were 93-percent occupied at the time of sale.
The Medicaid insurer is recommitting to the Philadelphia region with the build of a new facility in Newtown Square, PA and redesign of its existing campus in Essington, PA, near the Philadelphia International Airport.
The New York City-based real estate investment firm has acquired a 50,000-square-foot lot—55 Buena Vista Ave.—for $18.3 million. The 400,000-square-foot rental apartment development it plans to build at the site will feature 361 rental apartment units.