Updated Sep 9, 2024
Harmelin Media Expands Lease At 3 Bala Plaza In Bala Cynwyd
3 Bala Plaza, Bala Cynwyd, PA, 19004
Building Size
230,000 SF
Asset Type
Office
Closing
Nov 22, 2023
About this deal
AI
Located at 3 Bala Plaza in Bala Cynwyd, Pennsylvania, the office property spans 230,000 square feet. Cushman & Wakefield represented Harmelin Media in a lease expansion at this strategic location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Address: 3 Bala Plaza, Bala Cynwyd, PA, 19004
- Market: Bala Cynwyd
- Tenant's Rep: Peter Strickler (Cushman & Wakefield)
- Landlord: Unknown
- Square Feet: 230,000
Peter Strickler of Cushman & Wakefield, along with Janet Giuliani from Tishman Speyer, played crucial roles in the lease expansion for Harmelin Media at 3 Bala Plaza East. The deal aimed to support Harmelin Media's growth in the region through 2023.
Players
Bala Cynwyd Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93