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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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.

Brandywine Sells Six Tower Bridge Office Building in Conshohocken for $21 Million

Brandywine Sells Six Tower Bridge Office Building in Conshohocken for $21 Million

Brandywine Realty Trust has completed the sale of Six Tower Bridge in Conshohocken. The transaction reflects the company’s ongoing effort to reposition its office portfolio.

The 116,000-square-foot office building is located at 181 Washington Street. Legend Realty and the Adjmi family acquired the property for $21 million.

The sale price equates to approximately $181 per square foot. Notably, the transaction exceeded the property’s 2024 assessed value by roughly 70%.

Brandywine acquired the building in 2013. Since then, Six Tower Bridge has remained part of the larger Tower Bridge office complex along the Schuylkill River.

The property was approximately 42% leased at the end of 2025. Current tenants include Colliers Engineering and Design, CBC Settlement Funding, and Suvoda.

Meanwhile, the Tower Bridge office complex has experienced several ownership changes in recent years. Consequently, investors continue evaluating opportunities within the established Conshohocken office market.

Originally developed in 1999, Six Tower Bridge helped establish Conshohocken as one of Greater Philadelphia’s premier suburban office markets. Today, the submarket continues attracting investment because of its location, transportation access, and corporate presence.

The sale also aligns with Brandywine’s broader strategy of divesting lower-performing assets. At the same time, the company continues focusing on high-quality properties across its core portfolio.

As office investment activity gradually improves, well-located suburban assets continue attracting buyers seeking long-term value and repositioning opportunities.

*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.

New York Life Relocates to Three Logan Square

New York Life Relocates to Three Logan Square as Demand for Trophy Offices Continues

New York Life Insurance Co. is relocating a business unit within Center City Philadelphia. As part of the move, the company will reduce its office footprint by nearly half.

The insurer signed a long-term lease for approximately 40,000 square feet at 1717 Arch Street. Specifically, New York Life will occupy the 44th and 45th floors of Three Logan Square.

The relocation is expected during the third quarter of 2027. Currently, the company subleases approximately 82,000 square feet at Two Liberty Place from Cigna.

The group benefit solutions division will relocate to the new space. Consequently, New York Life will consolidate operations into a smaller, more efficient office footprint.

The lease also represents a significant win for Brandywine Realty Trust. The REIT owns the 943,000-square-foot Three Logan Square office tower.

Demand for premier office buildings has remained strong across Center City. In fact, Brandywine recently reported its Philadelphia central business district portfolio is approximately 96% leased.

Meanwhile, Philadelphia’s overall office vacancy rate has remained near 20% for several years. Even so, tenants continue favoring newer, amenity-rich buildings in prime locations.

As availability tightens in the trophy office segment, companies are planning leasing decisions further in advance. Therefore, many tenants are beginning space searches years before existing leases expire.

The transaction reflects an ongoing trend within Philadelphia’s office market. Rather than expanding, many occupiers are optimizing space while prioritizing high-quality office environments.

*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.

New York Life Reduces Center City Footprint With Move to Three Logan Square

New York Life Reduces Center City Footprint With Move to Three Logan Square

New York Life Insurance Co. is reducing its office footprint in Center City. As part of the move, the company will relocate a business unit from Two Liberty Place to Three Logan Square.

The insurer signed a lease for approximately 40,000 square feet at 1717 Arch Street. Specifically, the company will occupy space on the 44th and 45th floors of the office tower.

The relocation is scheduled for the third quarter of 2027. Once completed, New York Life will occupy roughly half the space it currently uses in Philadelphia.

Currently, the company subleases approximately 82,000 square feet at Two Liberty Place. That space supports New York Life’s group benefit solutions division.

The move reflects a broader trend across the office sector. In recent years, many occupiers have reevaluated their space needs and consolidated operations into smaller footprints.

At the same time, demand for high-quality office space remains steady. Consequently, well-located buildings with modern amenities continue attracting tenants despite ongoing market challenges.

Three Logan Square remains one of Center City’s premier office assets. Its location along the Benjamin Franklin Parkway provides convenient access to transit, dining, and nearby corporate employers.

Meanwhile, office users continue prioritizing efficiency as workplace strategies evolve. As a result, lease decisions increasingly focus on optimizing space rather than expanding square footage.

The transaction highlights the ongoing shift within Philadelphia’s office market as companies balance operational needs with changing workplace dynamics.

*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 Reduces Malvern Office Footprint as Lease Expiration Approaches

Vanguard Reduces Malvern Office Footprint as Lease Expiration Approaches

Vanguard is reducing its office footprint in Malvern once again. This time, the investment management giant plans to vacate 87,600 square feet at 45 Liberty Boulevard when its lease expires at the end of June.

The decision represents a significant occupancy change for the property. Currently, the 137,000-square-foot building is fully leased. However, occupancy will fall to approximately 36% following Vanguard’s departure.

The space served multiple business functions for Vanguard. Those operations have since been relocated to other company-owned facilities throughout the Malvern area. As a result, the firm continues to consolidate its real estate footprint while maintaining a substantial regional presence.

Despite the move, Vanguard remains one of the region’s largest employers. The company employs approximately 12,300 people in Pennsylvania and operates more than 30 buildings statewide. In addition, the firm manages roughly $12 trillion in assets globally.

Over the past several years, Vanguard has consistently refined its real estate strategy. For example, the company completed its 225,000-square-foot Neptune office building in Malvern in 2019. Later, it acquired two connected office buildings totaling 300,000 square feet at 1400 Atwater Drive.

Meanwhile, plans for a significantly larger campus expansion in Exton were abandoned. Instead, Vanguard chose to focus growth closer to its existing headquarters operations.

For the property’s owner, filling the upcoming vacancy remains a priority. Encouragingly, negotiations are already underway with a prospective tenant for approximately 65,000 square feet of the available space. Consequently, leasing activity may help offset a portion of the vacancy.

Another bright spot for the building is the presence of Microsoft, which occupies 42,600 square feet. Furthermore, renewal discussions have reportedly begun ahead of the company’s 2028 lease expiration.

Taken together, Vanguard’s latest move reflects a broader trend across the office sector, where major occupiers continue evaluating space needs while concentrating employees in strategic locations.

*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.