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.

Search Our Commercial Real Estate Listings

JPMorgan Chase Eyes Office Consolidation

JPMorgan Chase Eyes 63,000 SF Office Consolidation at 2400 Market Street

JPMorgan Chase & Co. is preparing to take a full office floor at 2400 Market Street in Philadelphia.

The banking giant is expected to sublease the building’s entire 63,000-square-foot fifth floor from Aramark.

Aramark plans to vacate the fifth floor while maintaining its remaining space at the property.

For JPMorgan, the move could support a broader consolidation of its Philadelphia office footprint.

Earlier this year, the company announced a similar strategy for its corporate operations in Boston. At the time, JPMorgan identified Philadelphia among several markets targeted for consolidation.

The strategy also includes Atlanta, Miami, Toronto, West Palm Beach, and several West Coast markets.

Rather than simply reducing space, corporate occupiers are increasingly consolidating employees into fewer locations. This approach can improve collaboration while creating greater operational efficiency.

Additionally, the potential transaction would bring another major financial institution to 2400 Market Street.

The property has attracted several prominent corporate users since its redevelopment. Its location provides convenient access to Center City, University City, and major transportation connections.

JPMorgan’s anticipated move also reflects continued activity among large office users in Philadelphia. However, companies remain selective about where and how they occupy space.

As corporate real estate strategies evolve, consolidation deals could continue shaping Philadelphia’s office leasing 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, 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.

Vanguard Sells Wayne Office Campus for $17 Million

Vanguard Sells Wayne Office Campus for $17 Million

Vanguard Group has sold a 323,000-square-foot Wayne office complex for $17 million while maintaining its operations at the property.

Malvern-based E. Kahn Development acquired the campus at 1041 West Valley Road. The transaction equates to approximately $53 per square foot.

However, Vanguard plans to lease back the entire property through at least 2028. Employees currently working there are expected to remain on-site.

The two-building complex is known as the Robert A. DiStefano Technology Center. Vanguard primarily uses the property for its information technology operations.

The 22-acre campus sits just south of Route 202 within Vanguard’s larger Wayne office presence. Both buildings share a common entrance and parking facilities.

For now, E. Kahn Development does not plan to redevelop the property. Instead, the acquisition provides a sizable office investment with an established tenant.

The transaction also continues a series of real estate changes for Vanguard across the Philadelphia suburbs.

Meanwhile, E. Kahn Development is pursuing an office conversion project nearby. The developer and its partners are transforming office space at 435 Devon Park Drive.

That project will convert approximately 145,000 square feet of office space into 162 apartments.

Although office conversions are gaining attention, the West Valley Road property will maintain its current use. Vanguard’s leaseback provides continued occupancy for the near term.

The sale highlights another strategy emerging within Greater Philadelphia’s evolving suburban office market. Companies can monetize owned real estate while maintaining operational control through leaseback agreements.

*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.

$70 Million Centre Square Sale Approved

$70 Million Centre Square Sale Approved, Clearing Path for Major Redevelopment

The $70 million sale of Centre Square has received court approval, advancing a major redevelopment opportunity in Center City Philadelphia.

U.S. District Court Judge Nitza Quiñones Alejandro approved the sale to affiliates of PMC Property Group and investor Dean Adler.

The transaction involves the 1.76 million-square-foot Centre Square complex at 1500 Market Street. The two office towers are currently mostly vacant.

Under the court order, the transaction must close by Oct. 16. The approval follows nearly four years of uncertainty surrounding the property.

Centre Square has been involved in foreclosure proceedings since January 2023. PMC and Adler entered an agreement to acquire the complex in May.

Now, the developers can move closer to their proposed transformation of the property. Plans envision a mix of residential, hospitality, and office uses.

The redevelopment could significantly change one of Philadelphia’s most prominent office properties. Furthermore, its location creates an opportunity to influence the surrounding Market West corridor.

Centre Square sits directly across from Philadelphia City Hall. It also serves as a gateway to the city’s traditional central business district.

Meanwhile, several Center City office properties are being considered for conversions and alternative uses. Changing workplace patterns have created opportunities to reposition older or underutilized buildings.

Mixed-use redevelopment could also introduce more residents and visitors to traditionally office-focused sections of Center City. Consequently, these projects may support nearby restaurants, retailers, and other businesses.

The court approval represents a significant milestone for Centre Square after years of financial and ownership uncertainty. Next, attention will shift toward the October closing and the developers’ plans for the landmark property.

*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.

Philadelphia Department of Aviation Buys 441,000 SF Office Building for $42 Million

Philadelphia Department of Aviation Buys 441,000 SF Office Building for $42 Million

Philadelphia’s Department of Aviation has acquired a large office property near Philadelphia International Airport for $42 million.

The agency purchased the vacant building at 8800 Tinicum Boulevard from Office Properties Income Trust. The transaction equates to approximately $95 per square foot.

The five-story building spans approximately 441,000 square feet across a 32-acre site. Its location sits directly across Interstate 95 from Philadelphia International Airport.

PNC Bank previously occupied the property before vacating in early 2024. Since then, the building has remained empty.

For now, the Department of Aviation does not have immediate redevelopment plans for the property. Instead, the building could remain vacant for approximately three years.

Meanwhile, the agency is completing a Master Plan Update for Philadelphia International Airport. The initiative will guide the airport’s long-term modernization and infrastructure investments.

The planning process includes projections for passenger demand through 2040. Additionally, the strategy will establish a 20-year capital improvement program for airport facilities.

The property previously attracted interest as a potential industrial redevelopment opportunity. Plans once called for replacing the office building with a 477,500-square-foot logistics facility.

However, that redevelopment never moved forward.

The sale also marks Office Properties Income Trust’s exit from Philadelphia’s office market. The Tinicum Boulevard property was the trust’s final office asset in the city.

With 32 acres near the airport and direct access to major transportation infrastructure, the property offers significant long-term potential. Its future could become clearer as Philadelphia advances its airport master planning process.

*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, 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.

Armstrong Teasdale Expands Philadelphia Presence With New Office

Armstrong Teasdale is strengthening its commitment to the Philadelphia market with a new office location. The move reflects the firm’s long-term growth strategy for the region.

This year marks the firm’s 125th anniversary. At the same time, Armstrong Teasdale is looking ahead as Philadelphia enters a period of significant investment and national attention.

Major events, including the FIFA World Cup and America’s 250th anniversary, are expected to increase the city’s global visibility. Consequently, many businesses continue investing in Philadelphia’s future.

Armstrong Teasdale established its Philadelphia office by building a local team rather than acquiring an existing law firm. Since then, the office has steadily expanded its attorney roster and service offerings.

The firm’s new office provides additional space for future growth. Furthermore, the relocation creates opportunities for greater collaboration and continued recruitment of legal talent.

Philadelphia continues attracting businesses across healthcare, life sciences, technology, financial services, and commercial real estate. As organizations expand, demand also grows for legal advisors with both local knowledge and national capabilities.

The relocation reflects continued confidence in Philadelphia’s business environment. Moreover, it underscores the firm’s commitment to serving clients throughout the region while supporting future expansion.

As Philadelphia’s professional services sector continues evolving, firms are making long-term investments that align with the city’s growing role as a regional business and innovation hub.

*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.

Upper Merion Proposes $200M Entertainment District in KOP

Upper Merion Proposes $200 Million Entertainment District in King of Prussia
Upper Merion Township is pursuing plans for a $200 million entertainment district in King of Prussia.

The proposal centers on a 16.8-acre site within the Moore Park business complex on First Avenue. Plans call for a mixed-use destination anchored by a stadium with seating for more than 7,500 spectators.

The venue could accommodate professional baseball and soccer teams. Additionally, the development would introduce new entertainment, commercial, and community uses to the area.

To launch the project, the township applied for a $20 million Redevelopment Assistance Capital Program grant from Pennsylvania. However, the proposal did not receive funding during the state’s most recent grant cycle.

Township officials planned to use the grant for preliminary planning and feasibility studies. Consequently, the project cannot advance until funding becomes available.

At this time, the township has not submitted a new funding application. Meanwhile, officials continue evaluating future opportunities to secure state support.

King of Prussia remains one of the region’s strongest commercial and retail markets. Therefore, a large-scale entertainment district could further diversify the area’s economic base and attract additional visitors.

Although the proposal remains in its early stages, the project reflects continued interest in mixed-use destinations that combine sports, entertainment, and commercial development. Future progress will largely depend on securing public funding for the planning phase.

*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.

Brandywine Sells King of Prussia Office Building for $41.5 Million

Brandywine Sells King of Prussia Office Building for $41.5 Million

Brandywine Realty Trust has sold a fully leased office building in King of Prussia for $41.5 million.

Harbor Group International acquired the 100,820-square-foot property at 500 North Gulph Road. The sale price equates to approximately $412 per square foot.

UGI Corp. occupies the entire five-story building as its corporate headquarters. The long-term lease provided an attractive investment opportunity for the buyer.

Brandywine originally acquired the property in 1996. Later, the company invested nearly $30 million in renovations completed in 2019.

The modernization included a new conference center, renovated lobby, cafeteria, and restrooms. Additionally, the property features covered parking and electric vehicle charging stations.

CSL Behring initially occupied the renovated building. However, UGI assumed occupancy in 2023 after the pharmaceutical company marketed the space for sublease.

The property is located near King of Prussia Town Center and major transportation corridors, including Interstates 76 and 276 and Routes 202 and 422. As a result, the building offers convenient regional accessibility.

Single-tenant office properties with long-term leases continue attracting institutional investors. Furthermore, stabilized assets in premier suburban markets remain highly desirable despite broader office market challenges.

The transaction reflects continued demand for high-quality office investments backed by strong corporate tenants. It also highlights the lasting appeal of the King of Prussia office 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, 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.

Adler and PMC Seek to Exit $70 Million Centre Square Purchase Agreement

Adler and PMC try to back out of $70M deal to buy Centre Square

Developers Dean Adler and PMC Property Group are seeking to terminate their $70 million agreement to acquire Philadelphia’s Centre Square.

Developers Dean Adler and PMC Property Group are seeking to terminate their agreement to acquire Centre Square in Philadelphia.

The developers previously agreed to purchase the landmark office complex for $70 million. If approved, ending the agreement could allow both parties to renegotiate the transaction.

The request comes after competing buyers exited the sale process. Consequently, Adler and PMC remain the only active bidders for the property.

New York-based CSC Coliving previously submitted an $80 million offer. However, the company later withdrew from the bidding process before making a deposit.

Meanwhile, Universal Group Co. also pursued the property. Nevertheless, court-appointed receiver CBRE did not accept the company’s proposal.

Adler and PMC have informed CBRE that they want to terminate the purchase agreement. The developers have had the property under contract for several months.

The partnership has already deposited $5 million toward the acquisition. Even so, CBRE argues the buyers have no legal or factual basis to cancel the agreement.

Centre Square spans approximately 1.76 million square feet across two office towers. The property occupies a prominent location directly across from Philadelphia City Hall.

The foreclosure case continues in the U.S. District Court for the Eastern District of Pennsylvania. As the legal process moves forward, the future ownership of one of Philadelphia’s largest office properties remains uncertain.

*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.

PECO Expands Malvern Office Footprint With $6 Million Property Acquisition

PECO Expands Malvern Office Footprint With $6 Million Property Acquisition

PECO has occupied a 67,000-square-foot Malvern office building purchased for $6 million as the energy company expands its real estate footprint.

PECO has taken occupancy of a 67,000-square-foot office building in Malvern. The move supports the energy company’s broader strategy to expand its office footprint.

The property is located at 100 Chesterfield Parkway and spans approximately 9.5 acres. PECO purchased the building for $6 million in January.

The sale price equates to nearly $90 per square foot. Previously, the property was occupied by Vanguard Group.

Vanguard has been reducing portions of its local real estate footprint in recent years. Meanwhile, PECO is moving in the opposite direction by adding office space.

PECO acquired the property from an entity connected to Pacer Financial President Joe Thomson. The seller had purchased the building only seven months earlier for $4.5 million.

As a result, PECO’s purchase price represented a 33% increase from the property’s previous transaction.

Even so, the latest sale remains below the building’s earlier valuation. EQT Real Estate acquired the property for $10.7 million in 2018.

The recent pricing history highlights changing conditions across Greater Philadelphia’s suburban office market. While some companies continue consolidating space, others are pursuing ownership opportunities at adjusted valuations.

For PECO, the acquisition provides additional office capacity within the established Malvern business corridor. Additionally, the property offers the company control over a sizable suburban campus.

The transaction reflects how changing office values can create acquisition opportunities for owner-users. At the same time, corporate real estate strategies continue moving in different directions across the Philadelphia region.

*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.

BNY Consolidates Philadelphia-Area Offices With New Wayne Hub

BNY Consolidates Philadelphia-Area Offices With New Wayne Hub

BNY is continuing to reshape its Philadelphia-area office footprint. This time, the financial institution plans to consolidate several suburban locations into a new regional hub.

The company signed a lease for more than 41,650 square feet at 965 Chesterbrook Boulevard in Wayne. The new office is expected to open next year.

BNY has not identified which existing offices will relocate to the new location. However, the consolidation reflects the company’s broader strategy to improve operational efficiency across its real estate portfolio.

The move follows several office reductions throughout the Philadelphia region. Last year, BNY vacated approximately 47,000 square feet at the BNY Mellon Center in Center City.

Instead, the company relocated to One Logan Square. At that location, BNY reduced its footprint to approximately 15,000 square feet.

Many large financial institutions continue reevaluating office needs as workplace strategies evolve. Consequently, portfolio consolidation has become increasingly common across the office sector.

At the same time, companies continue favoring high-quality buildings that support collaboration while reducing overall occupancy costs.

The new Wayne location positions BNY within one of Greater Philadelphia’s established suburban office markets. Additionally, the Chesterbrook corridor offers convenient access to major highways and a strong corporate business environment.

The transaction reflects another example of how major office users are optimizing space while maintaining a strategic presence throughout the Philadelphia region.

*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, 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.