PA Warehouse Trades at 7.7...

PA Warehouse Trades at 7.7...

There are 3 comments on the GlobeSt.com story from Mar 4, 2008, titled PA Warehouse Trades at 7.7.... In it, GlobeSt.com reports that:

“Most of our verbal offers were in the 9.5% range with written offers in the low to mid 7% range.”

A warehouse and office facility occupied by Tweeter Home Entertainment--a company filing for bankruptcy--has traded at the attractive cap rate of 7.7%. The closing price was $3.4 million. via GlobeSt.com

Join the discussion below, or Read more at GlobeSt.com.

Jeff Conlee

Minneapolis, MN

#1 Mar 4, 2008
Thanks for promising me a severance package if I stay to close your store and then ofering nothing in writing. This is exactly the type of busines I hope tanks and rewards those lying corporate suits the karma they deserve. Where did you go with my "severance package"?
Not in Texas

Dallas, TX

#2 May 5, 2008
Jeff, how about getting something in writing from Tweeter declaring your severnace be paid, only to have the rug pulled out from under you when they filed for chapter 11? And then the man who is responsable (Joe Mcguire) for the chapter 11 filing has a claim in fo $1.5 million dollars? I think there should be some fines on the higher ups!
mike

United States

#3 Jul 28, 2008
tweeter fired most of it's employees at HQ in Mass. when they closed 49 stores at the end o last year. They fired a couple of sales people from almost every store in the east coast, and a few weeks ago they eliminated 30 in home installation technician positions from NJ to MD and then some. They also recently switched all their in home installers to hourly and took them off commission.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

King of Prussia Discussions

Title Updated Last By Comments
News Lawyer: Cosby expects to be cleared and resume ... Apr 22 Rob 4
News Complaint is filed against Pa. State Trooper (Jan '10) Apr 20 Against Bad Troopers 166
News Alleged Delco Nostra leader waives preliminary ... (Nov '08) Apr 12 mascari lixdix 72
News What's Open on Martin Luther King Jr. Day? (Jan '13) Apr 1 Democrappy 2
Smitty Mar '17 n smith 1
News Carbon fire company lieutenant faces arson charges (Nov '06) Mar '17 John 8
Ahh Sharon Fedak n Ridattis n Burkey family's Feb '17 evil people 2

King of Prussia Jobs

More from around the web

Personal Finance

King of Prussia Mortgages