Davin Lamm, vice president at Mahoney Realty Group, Ardmore, PAgoes even further. "The papers were signed last week," he says."Susquehanna paid $100 million."
Both are referring to the long-rumored acquisition of 401 CityLine Ave. here by tenant Susquehanna International Group LLP. Whiletales of the sale have been swirling throughout the local realestate community for years, Neely, who says he is officiallyinvolved in every real estate transaction in Lower Merion, thesuburban Philadelphia township where Bala Cynwyd is located, may bethe first local official to confirm the deal.
And that deal is said to be a whopper. In what Mahoney called"the largest transaction for one building in this area,"Susquehanna reportedly paid close to the $100-million asking pricein what was said to be a fiercely competitive bidding process.
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