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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Chubb Closes in on Deal for New 475,000 SF Center City Office Building

Chubb Ltd. Offices for Philadelphia

Chubb Ltd., the giant insurance company, is nearing a deal to move forward with a proposed 475,000-square-foot building at 2000 Arch St. that would eventually serve as its new Philadelphia offices, according to several sources familiar with the plan.

The company had been evaluating over the last four years or so whether to have a new office building developed for its Philadelphia operations. Those discussions were interrupted for various reasons including the pandemic but gained traction over the last year.

Chubb currently maintains its offices at 436 Walnut St., a 361,000-square-foot building it owns, and leases 140,000 square feet at the Washington, a neighboring office building. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Impact Museums, partner in the Immersive Van Gogh exhibit, leases space in Center City

Van Gogh Museum Philadelphia

A joint venture that brings the popular Immersive Van Gogh exhibit to cities across the country has signed a lease on 32,000 square feet in a Center City office building to provide a rotation of similar programming on permanent basis.

Lighthouse Immersive and Impact Museums signed a long-term lease on the space at the Washington at 510-530 Walnut St. The space, which has a bank vault in it, had been vacant for nearly 10 years after what had been Beneficial Bank relocated out of the building. While it has been a difficult space to lease to traditional office tenants, it worked for Impact Museums. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Brandywine Realty Trust brings on JV partner to develop $307M building at 3151 Market

Chubb Ltd. Offices for Philadelphia

Brandywine Realty Trust has arranged another joint venture with an undisclosed global institutional investor to proceed with the development of 3151 Market St., a proposed $307 million building in the University City neighborhood of Philadelphia that will cater to life sciences tenants. 

Brandywine (NYSE: BDN) is also exploring ways to expand its B.Labs incubator in Cira Centre to bolster its pipeline of prospective life sciences tenants. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Capital One opening Philadelphia innovation center with plans to hire 100 tech workers

Capital One, Center City, PA

One of the nation’s largest banks is opening an innovation center in Center City that will house 100 new technology jobs. 

Capital One said it has leased space at 1735 Market St., where it plans to hire software engineers, product managers and technical roles to work on “challenging technology problems.”

Jay Michelini, head of technology strategy and business operations at Capital One, said because the company has two of its café locations in Rittenhouse Square and King of Prussia, it is familiar with the Philadelphia region and its talent pool. He said Capital One wants to deepen its ties here by hiring talent where they live to make retail banking products. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Rite Aid Downsizes Headquarters in Relocation to Philadelphia

Rite Aid

Pharmacy chain Rite Aid has moved to accommodate a more remote workforce, downsizing and relocating its headquarters to Philadelphia and selling its former one in central Pennsylvania.

The retailer this week unveiled its new base on the second floor of 1200 Intrepid Ave. in Philadelphia’s Navy Yard district. It’s a 23,000-square-foot space that Rite Aid in a statement called its Collaboration Center, a place that aims to bring the company’s “remote corporate workforce and associates together in a modern space with state-of-the-art amenities.”

Rite Aid last September announced it was moving its headquarters from a 205,000-square-foot office building it occupies at 30 Hunter Lane in Camp Hill, which is near Harrisburg.

*Article courtesy of Costar

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

NY company billed as ‘the world’s insight network’ to open 250-person Philadelphia office

Chubb Ltd. Offices for Philadelphia

Financial and information services firm GLG is opening its third major U.S. office in Philadelphia at the Bourse building. 

The company is investing $2.5 million in the office project, and also received $250,000 from the state in the form of a Pennsylvania First grant. GLG has opened a temporary office space in the Bourse already, but the permanent space will occupy 15,718 square feet in the historic office building at 111 S. Independence Mall East in Old City. 

Over the next three years, GLG expects the Old City office to house 250 employees. GLG also has the ability to double its office footprint in the city to accommodate future growth, a spokesperson said. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

WCRE Completes Office Lease in Philadelphia

Two Penn Center, Philadelphia, PA

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 of services to individuals who are seeking bankruptcy solutions to their debt problems. Their lawyers provide individuals a meticulous analysis of their client’s options in numerous areas; Chapter 11, Chapter 13, Mortgage Foreclosure, Student Loan Debt Relief, Tax Foreclosure and related areas of debt relief.

Two Penn Center is a Class “A” twenty story, 540,000 square foot office building at 1500 JFK Blvd.  Two Penn is directly across the street from Love Park providing tenants direct access to the recently renovated and iconic Philadelphia Park.  Two Penn also sits directly above Suburban Station and offers direct access to the Concourse, allowing employees to make the trip from desk to train in 5 minutes or less.  Built in 1960, Two Penn has undergone major renovations to the lobby and common areas and is professionally maintained.  Two Penn has numerous tenants who provide professional services in the fields of law, financial services, marketing and technology.

Todd Monahan, Executive Vice President and Managing Director at WCRE exclusively represented the tenant in this transaction.

Most Philly workers are still remote as city works toward pandemic recovery

Center City Return to Work

More than two years into the pandemic, thousands of employees continue to work remotely in the suburbs rather than commute into the city, according to a new report by Pew Charitable Trusts.

The permanent trend toward remote work is contributing to Philadelphia’s tepid economic rebound from the COVID-19 pandemic and a decline in the total workforce overall, Pew found. The full report, the latest in a series on Philadelphia’s Fiscal Future, published in partnership with the William Penn Foundation is available on Pew’s website.

The report raises concerns that Philly could experience an uneven, inequitable recovery inflicting particular pain on some of the city’s residents, especially people of color, said report coauthor Larry Eichel.

Amid the pandemic, lower-wage jobs in hotels, restaurants, and other leisure sectors disappeared, hurting already disadvantaged Philadelphians with lower incomes who held these service positions.

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

BET Investments pays $30M for Prudential Insurance Co. property in Upper Dublin

BET Investments Inc. has closed on the purchase of Prudential Insurance Co.’s 90-acre campus, paying $30.25 million for the property that is visible from the Pennsylvania Turnpike. 

The property at 2101 Welsh Road in Upper Dublin has three interconnected office buildings that total 861,000 square feet and surface parking lots that have 2,175 spaces. Prudential was the seller.

The Philadelphia Business Journal reported in April that BET Investments had put the property under contract. 

Prudential developed the buildings between 1972 and 1986 as its Central Atlantic home office and had hundreds of employees working from the campus. The insurer is expected to vacate the complex by the end of 2023. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

After seven years, South Philadelphia’s Bok building is 98% leased

Philadelphia

Seven years ago this July, Scout Ltd. closed on buying the 8-story, 338,000-square-foot Edward W. Bok Vocational School at 1901 S. 9th St. in South Philadelphia. 

The hulking building was vacant at the time and Lindsey Scannapieco, Scout’s managing partner, had ambitions to convert the former school, which she described in a recent interview as a “giant castle,” into an innovative mixed-use development. “We always knew it was going to be a long-term project,” Scannapieco said. “How does one eat an elephant? One bite at a time and that has been our approach to Bok.”

While that method has worked, it’s not one that can be deployed at just any building and the Bok isn’t just any building. The Bok is now 98% occupied with an eclectic mix of 250 different tenants that include artists, makers, nonprofits, and cultural organizations, among others. 

*Article courtesy of Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia 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 Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.