Advalurem Group joint venture acquires 89,000 s/f 1000 Floral Vale

Advalurem Group has acquired an ownership interest in 1000 Floral Vale, a class A, LEED Gold-certified office building within the Philadelphia MSA. Built in November 2009, the 89,000 s/f office building meets institutional, energy-efficient and environmentally safe design standards, earning it a LEED Gold certification, among other accolades. Advalurem Group's local partner was able to negotiate an attractive going-in yield and $214 per s/f due to the seller's need for liquidity. The purchase price represents a discount to replacement cost as valuations were much higher during the last real estate cycle. The re-setting of basis from the developer's building costs allows Advalurem Group and its local partner, Pembroke Hobson, the opportunity to competitively price the remaining space, offering a real estate investment that exhibits stable cash flow and discernible upside.

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Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Manhattan, NY According to Tishman Speyer investment boutique Horizon Kinetics Asset Management LLC will relocate its current New York office to 18,713 s/f on the 27^th floor of 1270 Avenue of the Americas at

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons

Island Associates leases 45,000 s/f to Giunta’s Meat Farms

Delisle and Monahan of Island Associates broker 1,110 s/f lease extension for Kings Insurance

Island Associates brokers 1,110 s/f lease extension for Kings Insurance

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