On March 24 the Philadelphia Business Journal held its 2015 Best Real Estate Deals event at the Loews hotel in Center City. We recognized 26 projects at various stages: construction, development, leasing, relocation and more. To be considered all projects had to have completed an element of transaction during the calendar year of 2015.
These are the transactions that made the headlines and are helping cement Greater Philadelphia’s reputation as a true renaissance region. To make the list, the projects were judged on size, impact, creativity and what we’ll call the general WOW! factor.
Workspace Property Trust Acquisition
Project size: 41 building accruing 2.4 million SF in Horsham
Value: $250 million
Workspace Property Trust purchased 41 office and light industrial buildings in Horsham from Liberty Property Trust. WPT management teamed up with Rizk Ventures, Forum Partners, JMP Group, and EverWatch Capital in this transaction. The deal established a footprint in the Philadelphia suburban office market for Workspace.
Purchased from: Liberty Property Trust
Transaction involved: Workspace Property Trust, and partnered with Rizk Ventures, Forum Partners, JMP Group and EverWatch Capital.
Source: Philadelphia Business Journal