Since 2010 Virtus has been 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:
Virtus represented RexMedical in a expansion and extension of their lease at Spring Mill Corporate Center in Conshohocken, PA. RexMedical, who occupied 3,660 sf, was in need of upgraded offices and lab space. Virtus negotiated a lease for 9,141 sf which included a full build out and an under-market rent stream. The total value of this transaction was over $1.3 million dollars.