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“We like the Philadelphia market, and in particular the local demand generators in the King of Prussia sub-market,” says David Lifschitz, president and CEO of The Gehr Group.
Somerset Station, which will be located along NJ TRANSIT's Raritan Valley line, will include two apartment buildings totaling 371 units, 156 townhomes in 14 buildings; two parking garages; 4,000 square feet of retail space and a 4,000-square-foot community civic center.
EverWest Real Estate and Accordia Realty Ventures acquired 20 acres of land at 85 Stults Road, along with a 369,000-square-foot building at 83 Stults Road, from Hermann's Services Inc. in 2017.
EQ Office, the US office portfolio operating company owned by Blackstone, acquired two office buildings in Seattle–US Bank Centre and 999 Third Ave.–increasing EQ's investment to 3.1 million square feet.
The logistics and distribution solutions company inked 404,950 square feet of warehouse/distribution space at the North Bay Logistics Center in a long-term lease that will house operations for two business lines.