Philly Office Space

Philly Office SpaceWolf Commercial Real Estate (WCRE), a full-service Philadelphia commercial real estate brokerage firm, specializes in representing Philly office space for buyers, tenants, investors and sellers throughout the Greater Philadelphia region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Philadelphia office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Philadelphia commercial real estate services, the team at our Philly commercial real estate brokerage firm provides ongoing detailed information about Philadelphia office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Philadelphia commercial real estate services encompass the highest quality of service and proven expertise.

Philly Office Space Property Owner Representation

WCRE, a leading Philadelphia commercial real estate broker, helps owners of Philly office space for sale or lease put tenants or buyers in their properties through a defined marketing process that is tailored to each property and sub-market. Our proven marketing strategy is implemented by commercial real estate professionals who are experts in the Greater Philadelphia-area office markets, providing the unparalleled levels of Philadelphia Property Owner Representation. As a premier Philadelphia commercial real estate brokerage firm, we treat your Philadelphia office properties as if they were our own and work closely with you as part of our total commitment to client-focused relationships.

Philly Office Space Tenant Representation

For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm.

About Us

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the Greater Philadelphia area and beyond. Please visit our websites for information about our Philadelphia commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Philly commercial real estate broker.

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Ensemble Secures 50,000-SF Tenant for Vacant Main Line Building

Ensemble Secures 50,000-SF Tenant for Vacant Main Line Building

An Irish technology product developer has signed a long-term lease for 50,000 square feet in Wayne, relocating its local office four miles east while reducing its footprint by 38%.

TE Connectivity will move into 680 E. Swedesford Road by January 2026, occupying the first two floors of the four-story, 102,000-square-foot building, which is set for a major renovation. The move marks a reduction from the company’s current 80,000 square feet at 1050 Westlakes Drive in Berwyn, owned by Brandywine Realty Trust.

A global leader with $16 billion in annual revenue and 85,000 employees, TE Connectivity (NYSE: TEL) relocated its headquarters from Switzerland to Ireland last year.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Wanamaker Foreclosure Nears Key Milestone Ahead of Auction

Wanamaker Foreclosure Nears Key Milestone Ahead of Auction

A Philadelphia court ruling on Jan. 31 sided with lender TF Cornerstone in the Wanamaker building foreclosure case, eliminating the need for a trial. The decision puts the historic Center City office building on track for auction as TF Cornerstone moves to take control from Rubenstein Partners. The court partially granted TF Cornerstone’s motion for summary judgment on Rubenstein’s liability. In a November filing, TF Cornerstone claimed Rubenstein owed nearly $126 million on the loan for the 114-year-old property. A hearing to assess damages is set for Feb. 25.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

FS Exit Fuels Ensemble’s Navy Yard Optimism

FS Exit Fuels Ensemble’s Navy Yard Optimism

Mark Seltzer, who has leased office space at the Philadelphia Navy Yard since 2006, has never been more optimistic. According to Seltzer, managing director at Ensemble Investments, 2021, 2022, and 2024 were the Navy Yard’s top office leasing years in two decades. Today, only 2,800 square feet remain available in Ensemble’s 300,000-square-foot Navy Yard portfolio. That will change in early 2026 when FS Investments vacates 201 Rouse Blvd., an 80,000-square-foot building, for University City. While Seltzer regrets their departure, he’s confident about filling the space.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

FS Investments Moving HQ to Schuylkill Yards

FS Investments Moving HQ to Schuylkill Yards

FS Investments is relocating from the Philadelphia Navy Yard to Brandywine Realty Trust’s new $300 million mixed-use tower at 3025 John F. Kennedy Boulevard in Schuylkill Yards. The 16-year lease will expand FS’s space by 46%, from 80,000 to 117,000 square feet, across four floors in the 28-story tower. FS plans to move nearly 300 local employees by January 2026.

This move marks FS’s third use of Keystone Opportunity Zone tax credits. CEO Michael Forman emphasized that without access to a KOZ building near 30th Street Station, the company might have relocated its headquarters out of Philadelphia. The new space, near major employers like the University of Pennsylvania and Drexel University, offers proximity to transit and high-demand amenities.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Bucks County Office Park Sells for $16M

Bucks County Office Park Sells for $16M

A Bucks County medical office park near Oxford Valley Mall and Sesame Place has sold for more than double its 2015 price. Aventura, Florida-based ESJ Capital Partners purchased the 152,310-square-foot, nine-building Oxford Court portfolio in Langhorne for $16 million. The seller, SkyREM of Philadelphia and New York, originally acquired the property for $7.82 million in August 2015, according to Bucks County records. SkyREM renovated the portfolio in 2016. The buildings are over 70% leased to tenants including Quest Diagnostics, DaVita, LabCorp, and the American Red Cross.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Ten Penn Center Office Tower Up for Sale

Ten Penn Center Office Tower Up for Sale

The 27-story Ten Penn Center office tower in Center City is hitting the market. Owners Sterling Equities and Greenville Partners are listing the 668,000-square-foot building at 1801 Market St. The property, built in 1981 and purchased for $75 million in 2006, was most recently assessed at $122.8 million. It is currently 60% occupied, per CoStar.

JLL brokers marketing the tower highlight it as the largest Market Street office building to hit the market since the pandemic. They are promoting potential for a partial residential conversion on the upper floors and leasing opportunities for office and retail space below.

Morgan Lewis & Bockius vacated 105,000 square feet of back office space last year after relocating to its new headquarters at 2222 Market St.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Centre Square Likely to Sell to Cover $375M Debt

Centre Square Likely to Sell to Cover $375M Debt

After two years of foreclosure proceedings with little clarity on Centre Square’s future, the property’s receiver now says a sale is “very likely.” Owners Nightingale Properties and InterVest Capital Partners, formerly Wafra Capital Partners, owe over $375 million on the overdue CMBS loan backing the 1.76 million-square-foot office complex, court records show. Wells Fargo Bank filed a foreclosure complaint on behalf of investors in January 2023, placing the Center City property in receivership three months later. Since then, little progress had been made.

On Jan. 6, CBRE, the court-appointed receiver, filed a motion in U.S. District Court for the Eastern District of Pennsylvania indicating it is preparing to sell 1500 Market St. The motion seeks to remove court requirements CBRE believes could hinder securing the best possible price.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Prologis sells Navy Yard data center for $16M

Burlington County Superior Court
A West Coast firm expanding in Philadelphia has acquired a Navy Yard data center for $16.3 million. Landmark Dividend, an El Segundo, California-based investment firm, purchased the 28,083-square-foot property at 4775 League Island Blvd. from Prologis, which acquired it through its 2020 purchase of Liberty Property Trust. The building is fully leased to TierPoint, a St. Louis-based IT company. Karlton Holston, Landmark’s EVP of data centers, highlighted the facility’s potential to add capacity and value. Landmark specializes in data centers, cell tower ground leases, and billboards, with over 6,800 transactions worth $4.5 billion since 1985. Holston noted the strong demand in the data center market.
*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Philadelphia’s Office Market Begins to Recover After Five Years of Weak Demand

Philadelphia's Office Market Begins to Recover After Five Years of Weak Demand

After five years of declining demand, Philadelphia’s office market is showing early signs of stabilization as 2025 begins. While not yet in recovery, recent data indicates a positive shift. For the first time since 2018, annual net absorption—measuring move-ins versus move-outs—has turned positive, with office occupancy rising by 615,000 square feet across the Philadelphia metro area.

From 2019 to 2023, local businesses vacated 7.6 million square feet of office space amid uncertainties about the future of work. Though recent gains don’t fully offset those losses, they mark a critical step toward stabilization and eventual recovery. Interestingly, this improvement occurred alongside a decline in demand from life science companies, which had been a key driver for the market. This suggests that traditional office sectors are stabilizing independently of life sciences.

*Article courtesy of Costar
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.

Center City Tower Extends $162.5M Loan, Boosting Advantage

Center City Tower Extends $162.5M Loan, Boosting Advantage

American Real Estate Partners (AREP) has secured a four-year extension on its $162.5 million loan for 1600 Market St., safeguarding the property’s financial stability amid office market challenges. The loan, now extended to 2028, involved senior lenders Natixis Corporate and Investment Banking, BlackRock, and mezzanine lender JPMorgan Chase.

The 39-story, 825,968-square-foot tower, 70% occupied, was purchased by AREP in 2018 for $160 million from Equity Commonwealth. AREP invested $15 million in upgrades, including improvements to the entrance, lobby, air quality, and fitness center.

As part of the extension, AREP committed to a “significant additional equity investment” to fund tenant improvements and attract new occupants. This extension marks a key achievement, especially as lenders reduce office loan exposure.

*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia office space for sale or lease or about any other properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.