Binswanger Honored with Dual Nominations in Philadelphia Business Journal’s “Best Deal & Dealmaker” Awards

PHILADELPHIA, PA – January 31, 2025 – Binswanger, an innovator in commercial real estate since 1931, today announced that it has been nominated for two honors in the Philadelphia Business Journal’s prestigious “Best Deal & Dealmaker” awards. The sale of the industrial facility located at 11350-11400 Norcom Road has been recognized as a Best Deal honoree, and Senior Vice President & Partner, Timothy Pennington, has been named a finalist for Dealmaker of the Year.

“Tim is a top broker in the Mid-Atlantic region, and he leads a fantastic team of professionals who are literally handling the best real estate assets in the region,” said Dan Cullen, Binswanger’s Chief Operating Officer. “We are really proud of the deal they completed at Norcom Road, and for the multitude of other interesting and notable transactions Tim and his team closed in 2024 for their clients.”   

The transaction at 11350-11400 Norcom Road involved the sale of a 305,000-square-foot industrial/distribution facility situated on 16.8 acres in Northeast Philadelphia. The building was fully occupied at the time of sale. This significant deal was brokered by Binswanger’s Mid-Atlantic team, including Senior Vice Presidents & Partners Chris Pennington and Tim Pennington, along with Senior Vice President Matt Corrigan.

Timothy Pennington has been a leading dealmaker in Southeastern Pennsylvania for over 17 years and was involved in over 100 transactions last year. He represents and has worked with a number of notable clients including Costco, Enterprise, Wise Snacks, APM, Galean, Arca Continental & Lockheed Martin.

“It’s an absolute honor to be recognized as a “dealmaker” in the region,” said Mr. Pennington. “It wouldn’t be possible without the immense help and support from my fellow colleagues and team members.”

The Philadelphia Business Journal’s “Best Deal & Dealmaker” awards annually honor the most impactful real estate deals and the professionals behind them in the Greater Philadelphia region. Honorees are selected through an independent editorial review, with selections based entirely on their merits, achievements, and contributions to their respective fields. The winners will be announced at a special event on March 27 and in a special print edition of the Business Journal on March 28.

About Binswanger

Binswanger is an employee-owned global commercial real estate firm focusing on highly challenged site acquisition/disposition requirements for major occupiers and assets since 1931. Founded by real estate innovator and pioneer Frank Binswanger Sr., the company operates with the understanding that real estate can strengthen businesses and transform communities. We pride ourselves on our unique ability to effectively solve the most challenging of real estate complexities with creative solutions in acquisition, disposition, lease-up, valuation, project and facilities management, and finance. For more information, visit www.Binswanger.com.