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Article: Firm Holds a Monopoly on Offices in Radnor, Pa.
- Article from:
- The Philadelphia Inquirer (Philadelphia, PA)
- Article date:
- May 3, 2004
CopyrightCOPYRIGHT 2004 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Henry J. Holcomb
May 3--The Rubenstein Co. turned heads in the real estate industry three years ago when it bought the big Wyeth-Ayerst Pharmaceuticals Inc. campus in Radnor.
The complex deal, which it won after serious competition from other bidders, was a significant test for the family-owned firm headed by Mark and David Rubenstein.
Adding Wyeth properties to the nearby Radnor Corporate Center, which Rubenstein purchased a decade ago, was "like buying Park Place and Boardwalk in the old Parker Brothers Monopoly game," said Judson Wambold of Tactix Real Estate Advisors.
It now has the only office real estate monopoly in the ...