Real Estate
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Logistics Center Proposed for Former Tank Farm in Darby Township
A four-building, 1.3-million square-foot logistics center is being proposed on the edge of Delaware County in Darby Township, writes Ryan Mulligan for Philadelphia Business Journal. Stream Realty Partners out of Dallas is proposing a warehouse development on 106 acres off Calcon Hook Road at the former Darby Creek Tank Farm oil storage site owned by…
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Villanova French Colonial Home Available for Sale at $4.5 Million
A Villanova French Colonial home with an indoor basketball court, a “pub” room, and a wine closet that can hold 800 bottles is available for sale at $4.8 million, writes Ryan Mulligan for Philadelphia Business Journal. The 7,328-square-foot home dates back to 1953. It was renovated and expanded in the early 2000s. The home…
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4 Delaware County ZIP Codes Expected to See the Greatest Rise in Home Value
Delaware County home values are expected to rise the most in four ZIP Codes, writes Ryan Mulligan for Philadelphia Business Journal. They are included in a list of 15 Philadelphia-area ZIP Codes expected to see the most home value change this year. Making the Delaware County list are the communities of Upper Darby, Collingdale, Chester,…
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Bill Gates’ Nuclear Company TerraPower Chooses Philadelphia to Establish New Cancer Treatment Facility
TerraPower Isotopes, part of a nuclear power company founded by Bill Gates, will invest $450 million in a Bellwether District plant that will produce radioactive molecules for cancer research and treatments, writes Harold Brubaker for The Philadelphia Inquirer. As part of the Bellwether District development, HRP Group will build a 250,000-square-foot facility on the former…
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A Luxury Lakeside Home Is Available for Sale in Chadds Ford
Amy Trojecki and her husband Joe Dominguez had come back to the Philadelphia region after three years in Chicago and were searching for a special property, writes Laurel Anderson for County Lines Magazine. “I had a vision for this property when I first saw it,” Trojecki said. The secluded waterfront home at 80 Heyburn Road in…
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First Bank House of the Week: Extraordinary Tudor in Villanova
An extraordinary Tudor home at 201 S. Spring Mill Road on an attractive 1.36-acre lot, with five bedrooms and four and a half bathrooms, is available for sale in Villanova. This lovely residence perfectly combines historic grandeur with modern refinement. Distinctive details include wood beams, brick flooring, exposed stone walls, deep windowsills, and a reconstructed…
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Mid-Atlantic Buying: Delaware County Still Has Affordable Homes
Delaware County is one of only five counties in the entire Mid-Atlantic where a typical homebuyer can still afford a typical home, writes Michaelle Bond for The Philadelphia Inquirer. The median asking price of homes in Delaware County in the last quarter of 2025 was $289,450, and the median household income was about $89,500. An…
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Warrington’s Valley Gate Shopping Center Sells for $15.5M to CenterSquare Investment Management
The Valley Gate shopping center in Warrington has been sold to Conshohocken-based real estate firm CenterSquare Investment Management for $15.5 million, writes Paul Schwedelson for the Philadelphia Business Journal. The seller of the 32,200-square-foot shopping center at 201-281 Easton Road was Philadelphia-based Metro Development. At about $481 per square foot, the price is more than…
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‘As Good as It Gets’: Firstrust Bank Finances Development of Luxury Homes on Late Billionaire’s Radnor Estate
Nearly a decade after the passing of Campbell’s Soup heiress Dorrance Hill Hamilton, her estate in Radnor Township is about to enter a new phase, one shaped by a unique mix of personal connections, longstanding relationships, and a rare development opportunity on the Main Line. The estate, located a short walk from downtown Wayne, is…
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Episcopal Diocese Taps Michaels Organization to Redevelop 26 Church Properties in Philly Region
The Episcopal Diocese of Pennsylvania is working with private developer Michaels Organization to repurpose 26 church properties throughout the Philadelphia region, writes Ryan Mulligan for the Philadelphia Business Journal. Many of the properties that are intended for conversion sit in prime locations, including Center City. The Diocese plans to make them into residential along with…
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With Leasing Momentum, Rubenstein Partners Nabs $127M Refinancing for Chesterbrook Campus
Rubenstein Partners has obtained $127 million in refinancing from Waterfall Asset Management for its 1.1 million-square-foot office campus in Chesterbrook, writes Paul Schwedelson for the Philadelphia Business Journal. The 14-building property off Duportail Road, near the Chesterbrook Road and Route 202 intersection, is currently 50 percent occupied, according to Rubenstein Vice President Brian Simel, but occupancy is expected to climb to 66 percent…
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Two Little Guys, Creator of Joe Tea, Opens Bensalem Headquarters With Eyes Toward Growth
Two Little Guys, the company behind the food and beverage brand Joe Tea, is moving its headquarters from New Jersey to Bensalem, writes Emma Dooling for the Philadelphia Business Journal. The move to the 22,245-square-foot building in Bucks County, which will expand the company’s headquarters by roughly 71 percent, is expected to be completed in…
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First Bank: Beautiful Spanish-Style Rancher for Sale in Wallingford
A beautiful Spanish-style rancher at 1013 Glen Road, perfectly combining sociability and privacy, is available for sale in Wallingford, writes Paul Jablow for The Philadelphia Inquirer. Featuring four bedrooms and two and a half bathrooms, the residence has two parts: one for the kitchen, living room, dining room, basement, and two-car garage, and the other…
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Radnor Nixes Eminent Domain for Valley Forge Military College Land
Radnor Township has reached a deal with the Valley Forge Military Academy Foundation over 17 acres of land in Wayne and is ending its eminent domain plan, writes Ryan Mulligan for Philadelphia Business Journal. The land is currently used by Valley Forge Military College. The Radnor Township Board of Commissioners had started eminent domain…
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Exol’s Lease at Morrisville’s South Penn Logistics Center Biggest Industrial Deal in Years
Exol, an automated fulfillment company based in Menlo Park, California, has leased the entire 973,200-square-foot South Penn Logistics Center in Morrisville, which is one of the Philadelphia area’s largest industrial deals in years, writes Paul Schwedelson for the Philadelphia Business Journal. South Penn Logistics Center, which was completed last year by Chicago-based Logistics Property, had…
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Wilmington Developer Buys Two Kennett Square Office Buildings, Plans $34M Redevelopment
Wilmington-based 9th Street Development is acquiring two office buildings in Kennett Square, plans to convert one into apartments while retaining the other as commercial space for office and medical tenants, writes Paul Schwedelson for the Philadelphia Business Journal. The 128 E. State Street building, at 100,000 square feet, will become 60 apartments, while the 101 E. State Street property, at 80,000 square feet,…
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New Philadelphia Bill Would Expand Transit-Oriented Development, Allowing More Housing Near SEPTA
A new bill from Mayor Cherelle L. Parker’s administration would allow more apartment construction around SEPTA stations to help boost ridership, writes Jake Blumgart for The Philadelphia Inquirer. The proposal expands an existing law that allows developers to build more housing with less parking on many properties that are within 500 feet of SEPTA stations…
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Morgan Properties Continues National Expansion With Georgia Deal
Conshohocken-based Morgan Properties continues its national expansion with the purchase of a 260-unit apartment community outside Atlanta, according to a press release. Morgan Properties acquired The Corwyn South Point Apartments in McDonough, Georgia, from ECI Group. The 10-building complex will be renamed Arden at South Point. The sales price has yet to be disclosed. Located…
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