15 Kings Grant Drive and Bala Plaza Named as Top Commercial Real Estate Deals of 2023 for

Greater Philadelphia

Bala Cynwyd, PA (March 26, 2024) – Two properties in City Ave District have been recognized as the Best Real Estate Deals of 2023 by the Philadelphia Business Journal.

The prestigious awards, presented annually by the Philadelphia Business Journal, celebrate excellence and innovation in the real estate industry across the Greater Philadelphia region.

The two properties are 15 Kings Grant Drive, a 56,641-square-foot building, which sold in February 2023 for $20.35 million to Norden Realty Investments, nine months after Norden purchased 225 City Ave from Keystone Development & Investments.

The second awarded property is Bala Plaza, three cornerstone office properties in Bala Cynwyd sold to FLD Group, Inc. and the Adjmi family in fall 2023 for $185 million from Tishman Speyer.

“It’s exciting to see two City Ave District properties awarded the Best Real Estate Deals of 2023,” said Bryan Fenstermaker, President & CEO of City Ave District. “This recognition further underscores the energy and opportunity industry leaders like these two groups see in City Ave District and is a great testament to the vision for the area.”

If you’re looking to join these industry leaders and make the most of opportunities in real estate, get help from Jim Wilson & Associates for expert real estate development guidance.

The awards ceremony, hosted by the Philadelphia Business Journal, took place on March 21, 2024 honoring the most notable real estate deals and dealmakers of the past year. To learn more about the Best Real Estate Deals of 2023 and the other honorees, please see below. Provided by Philadelphia Business Journal.

Below are the 2023 Best Real Estate Deals, listed alphabetically:

  • 15 Kings Grant Drive – Bala Cynwyd
    • 1130 Pottstown Pike – Exton
    • 2222 Market St. – Philadelphia
    • 2300 Market St. – Philadelphia
    • 3060 S. 61st St. – Philadelphia
    • 7001 Sheaff Lane – Fort Washington
    • Avant – Philadelphia
    • AVE Navy Yard – Philadelphia
    • Bala Plaza – Bala Cynwyd
    • The Battery – Philadelphia
    • Bristol Gardens – Bristol
    • DuPont’s lease at First State Logistics Park – Newark, Delaware
    • Fox Rothschild’s new headquarters – Philadelphia
    • The Giant Co. – Jenkintown
    • Goodwin Procter’s lease at Schuylkill Yards – Philadelphia
    • Island Waterpark at Showboat Resort – Atlantic City, New Jersey
    • Kelly Logistics Park – Carneys Point, New Jersey
    • KPMG’s lease at 1735 Market St. – Philadelphia
    • One Tower Bridge – Conshohocken
    • Piasecki Aircraft Corp.’s acquisition of Lockheed Martin Sikorsky Heliplex – Coatesville
    • Publicis Groupe’s lease at the Bourse – Philadelphia
    • Ralston House – Philadelphia
    • Ray Philly – Philadelphia
    • Scrub Daddy’s lease at 104 Woodbury Road – Cherry Hill, New Jersey
    • Spring Garden Apartments – Philadelphia
    • The Standard – Philadelphia
    • Tac Pal Logistics Phase II – Palmyra, New Jersey
    • Topgolf – King of Prussia
    • Westpark Project – Philadelphia
    • Yesway’s lease at Tac Pal Logistics Center – Palmyra, New Jersey

Below are the Dealmakers and Rising Star Honorees, listed alphabetically within each category:

Dealmakers:

  • Ryan Curran, president, Curran Commercial
    • Paige Jaffe, co-founder, Square Retail Consultants
    • Mark Lansman, founding partner and principal, Six Acre Capital
    • Katherine Missimer, partner, Klehr Harrison Harvey Branzburg
    • Christopher Munley, executive vice president, CBRE
    • Chris Pennington, senior vice president and partner, Binswanger
    • Alan Ritterband, partner, Ballard Spahr


Rising Stars

  • Connor Burke, vice president, acquisitions, Alterra Property Group
    • Jack Cortese, vice president, capital markets, D2 Capital Advisors
    • Amanda Mazie, director, mixed-use development, Hilco Redevelopment Partners
    • Brad Megay, senior associate, multifamily investment properties, CBRE
    • Ashley Parrillo, vice president, brokerage, JLL
    • Michael Torsiello, senior vice president, Binswanger