Keystone Property Group has secured a 135,000-square-foot lease expansion with Allen Distribution at 7132 Daniels Drive in Allentown, Pa. Gelcor, Inc. represented Keystone in the lease transaction. Jones Lang LaSalle represented Allen Distribution, a Carlisle, PA-based third-party logistics provider expanding from space at 3041 Schoeneck Road in Allentown. The 290,000-rentable-square-foot property consists of 130,000 square feet of feet...
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PHILADELPHIA - An affiliate of Versa Capital Management LLC has scooped up a portion of assets from United Retail Group Inc., including the initial assumption of 246 leases for Avenue Stores. There is a three-month window to acquire up to 300 stores. The Philadelphia-based buyer has retained the majority of headquarters staff at Avenue Stores' office in Rochelle Park, N.J., and nearly all distribution center and store employees. The acquisition included creating a new has...
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