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PHILADELPHIA-While the worst hit markets in the US were those areas where there had been exponential growth through the early part of the decade, the Greater Philadelphia region was fortunate that it had avoided much of that excess development and did not suffer as badly as areas like Florida, Arizona, Nevada and California. As the larger economic news seems to be improving, the regional markets are also starting to show some signs of life. While office and retail activity are still a bit sluggish, movement in the industrial markets has begun to pick up, and there are a few deals getting done, including Benjamin Foods, which leased 122,432 square feet in Hatboro, PA and Dependable Distribution Services, which signed for 122,000 square feet at 2500 Grant Ave.

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