Western Chester County Chamber Celebrates its Centennial

The 300 members of the Western Chester County Chamber of Commerce will celebrate its 100th anniversary this year, with predictions of an imminent growth spurt in the near future.

“It won’t be long until the big retailers move into the area,” predicted John H. Lymberis, President of the WCCCC.

Three main events are planned to mark this momentous occasion. The first event was held in late January, when members of the Chamber gathered at Victory’s newest brewpub in Parkesburg for an evening of networking and updates on chamber initiatives.

The second event will be a Spring Gala at the Lukens Historic District, where members will stroll the grounds and visit the buildings that have given the region its steel roots. Finally, in November, the Chamber will take advantage of its annual dinner to put special emphasis on looking back at its 10 decades of success.

Evolve IP a Finalist for 2016 Technology Company of the Year

One of the country’s fastest growing cloud companies, Evolve IP, has announced that the Greater Philadelphia Alliance for Capital and Technologies has named it as a finalist for Technology Company of the Year.

The prestigious award is given each year to the company and management team with best combination of leadership, innovation in product and service, and noteworthy milestones which can vary from financial achievements to community and industry involvement.

Last year the Wayne based company was awarded the top emerging technology company by PACT and this latest nomination recognizes the rise the company has made in a year to become one of the nation’s leading cloud services companies.

“Evolve IP is committed to providing cloud technologies that make a real difference for our customers’ businesses and we appreciate that the nomination from PACT recognizes our innovation and leadership,” said Guy Fardone, President, COO and Founding Partner of Evolve.

Brandywine Sells 58 Office Properties for $400 Million

By finalizing the sale of 58 office properties for nearly $400 million, Brandywine Realty Trust has finally wrapped up its efforts to exit markets that do not fit with its overall strategy of focusing on urban areas and town centers.

The complicated transactions with affiliates of Och Ziff Capital Management Group totaled $398.1 million for the portfolio which includes 3.9 million square feet of over 91 percent occupied space. The sale involved buildings in four states, among them 10 buildings totaling 557,144 square feet in New Jersey and 11 buildings totaling 612,738 square feet in Pennsylvania.

Between this and the sales that the Radnor based company executed last year, Brandywine Realty Trust has been involved in close to $1.1 billion in transactions and has, according to the company, “substantially completed our multi-year portfolio repositioning strategy.”