In one of Philadelphia’s biggest real estate deals of recent memory, Aramark has leased 300,000 square feet of space at 2400 Market Street on the Schuylkill River for its new global headquarters. A joint venture of The Lubert-Adler Real Estate Funds and PMC Property Group, Inc., both of Philadelphia, acquired 2400 Market Street, built in the 1920s as an auto assembly plant and most recently used as a design center, in 2014. The ownership will add five new floors to the top of the existing four-story building to create 300,000 SF of new space for Aramark.
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Washington Property Co. Opens CubeSmart in Rockville, MD; Acquires I-270 Office Building in JV with Alex. Brown
Washington Property Company (WPC) of Bethesda, MD has completed converting an 82,000 square foot office building in Rockville, MD to self-storage, shortly after acquiring the adjacent office building in a joint venture with Baltimore-based Alex. Brown Realty, Inc. for $17 million. The new storage facility is now open for business at 4 Research Place, and […]