Posts Tagged: Philadelphia

Space at 801 Market St. housing new Giant Heirloom Market sells for hefty profit

An entity affiliated with Alterra Property Group has sold a commercial condominium housing a new Giant Heirloom at 801 Market St. in Philadelphia for $21.63 million.  The entity, 801 Market Partners LLC, sold the 32,000-square-foot space to Realty Income Trust of San Diego (NYSE: O).  Alterra, a developer, bought the commercial condo from PREIT for… Read more »

WCRE Completes/-3,468 SF Office Space in Philadelphia

Center City Return to Work

WCRE is proud to have exclusively represented Sadek & Cooper, in the leasing of 3,468 square feet of office space located at Two Penn Center, 1500 JFK Blvd., Philadelphia, PA from Crown Two Penn Center Associates, LLP an entity controlled by ASI Management. Sadek & Cooper is a multi-disciplinary law firm specializing in both Family Law and Bankruptcy. Sadek & Cooper offers an array… Read more »

Rubenstein Partners makes headway on $50M Chesterbrook repositioning

Three years after buying Chesterbrook corporate park and its 1.1 million square feet of office space, Rubenstein Partners is making progress on a $50 million repositioning of the suburban campus.  The Philadelphia real estate firm spent $10 million converting a vacant, 41,331-square-foot office building at 851 Duportail Road to house a fitness center, conference space,… Read more »

Brandywine Realty puts 1900 Market St. up for sale

Ten years after buying 1900 Market St. in Philadelphia for $34.8 million, Brandywine Realty Trust has put the 456,922-square-foot building up for sale. The building, which is fully leased, could potentially trade for an estimated $200 million.  The 8-story building will test investor interest in Center City office buildings, an asset class that has lost… Read more »

Center City Philadelphia and the Return to Office

Center City Return to Work

As the Covid Pandemic begins to subside, many questions about how we work and from where remain unanswered.  Will total demand for space decline and if so to what degree?  How do employers retain valuable employees, provide the flexibility employees are demanding, while maintaining productivity? As employees return to work, will employers change the way… Read more »

Riverwalk South Exterior Nearly Complete In Center City West

Center City Return to Work

In Center City West, numerous developments are under construction or are in planning stages. At 60 North 23rd Street, the two-tower Riverwalk complex stands next to the Schuylkill River. Designed by Gensler and developed by the PMC Property Group, the north tower stands 315 feet tall and 28 stories, while the south tower stands 363 feet tall and 32 stories high. The project… Read more »