KDA Bullish on Philly

You can excuse Brooklyn’s Kalmon Dolgin Affiliates for not wanting to turn the page on a strong 2013 in Philly just yet. (Above, its exec team of Josh Dolgin, Kalmon Dolgin, Neil Dolgin, and Grant Dolgin.) For one, it saw 388k SF in lease deals at 4700 Wissahickon Ave. Notable tenants include the City of Philadelphia (renewed 184k SF), human services nonprofit RHD (grew to 78k SF), and disabilities support agency TAIG (renewed 39k SF). KDA, which turns 110 this year, has established itself by patiently buying Class-B product and repositioning it into Class-A. And it's keeping its eyes on more acquisitions, he tells us.

KDA’s other local property, the Spring Mill Corporate Center in Conshohocken, saw 42k SF in new leases and renewals. As with 4700 Wissahickon, KDA is seeing companies incubate themselves and grow. Some of the highlights at Sping Mill for 2013 were consulting firm Connolly expanding from13k SF to more than 60k SF, a new lease for Softgate Solutions (3,750 SF), and a renewal/expansion for Rex Medical (9,000 SF).

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

4,500-Acre Data Center District Approved In Pennsylvania Town

Affordable Housing Giant Starts $180M Philly Push: The Philadelphia Deal Sheet

'It's A 2-Way Street': Philly Hospital CEOs Seek Cost Savings From Architects, Builders