Virtus renewed Transunion at Baldwin Place in Eddystone, PA for an additional five year term, giving this asset a 100% occupancy rate for the next 10 years. Total lease value of this transaction was $7,000,000.
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Since 2010 Virtus has beeen solely responsible for the leasing efforts of Buccini/Pollin’s entire Tri-State (PA/DE/MD) office portfolio, which consists of over 3 million square feet of office space. Taking over the task in the worst real estate market of recent years, Ken Kearns, Brendan Kelley and Jeff Gannet vastly out-performed the market bringing the portfolio from 75% occupancy to over 92% occupancy. In addition, Virtus’ 3rd party transactions have included tenant representation, acquisition sourcing, loan modification and advisory services. Virtus is a true value-add brokerage company, handling leasing, acquisitions, dispositions and asset management functions for their clients. Some recent transaction highlights include: