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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Office Center Right Outside Philadelphia Has Office Availabilities

Kevon Office Center 2500 McClellan Ave Pennsauken NJ

Wolf Commercial Real Estate (“WCRE”) is delighted to announce that they have been appointed the exclusive leasing agent for the Kevon Office Center (“KOC”), situated at 2500 McClellan Avenue in Pennsauken, New Jersey.

Kevon Office Center was recently acquired by Alinea Capital Group, a private investment firm located in Philadelphia. Ownership has started a comprehensive capital improvement project to renovate the common areas and plans to customize the suites to future tenant’s needs.  KOC’s available units range from 1,065 to 12,430 square feet, including a first-floor suite with direct access from the parking lot.  Ownership has offered to make building signage available as part of an amenity package to a future Tenant who meets local ordinance guidelines.

The building is situated at the intersections of Route 70, Route 38 and McCellan Avenue, just a six-minute ride from Center City Philadelphia via the Ben Franklin Bridge.  This location provides easy access to major roadways including Routes 30, 38, 70 and 130.  Additionally, NJ Transportation Bus #406 stops at the corner of Route 70 and McCellan Ave, offering added transportation options to employees and clients.

KOC offers a remarkable opportunity for professionals seeking modern office spaces at very reasonable rates.  It has access to the scenic Cooper River walking and bike paths. Restaurants, retail, and strong corporate neighbors add to the amenities available to occupants at KOC.

“Having lived in Cherry Hill for over 30 years and passing this building on my way into Center City daily, I am very excited to add Kevon Office Center to our portfolio,” commented Ehud “Udy” Nahum, one of the new owners at Alinea Capital. “This property is extremely well-located and includes ample parking, two things you can rarely control as a real estate owner. We are well on our way to making strategic improvements here to help bring the building to its full potential for tenants and the community.”

“As the exclusive leasing agent for Kevon Office Center, we are excited to offer office users a well-located building with strong ownership in a prime location,” said Erin Warwick, Executive Vice President at WCRE. “We believe the new owner’s track record in previous holdings bodes well for the future success of this project and look forward to helping bring KOC back to full occupancy.”

For more information and to schedule a tour, please contact Erin Warwick via erin.warwick@wolfcre.com or Evan Zweben via evan.zweben@wolfcre.com at Wolf Commercial Real Estate.

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success.

Learn more about WCRE online at www.wolfcre.com.

Rodin Place in Philadelphia Has Multiple Office Suites For Lease

Rodin Place, 2000 Hamilton Street, Philadelphia, PA

Wolf Commercial Real Estate (WCRE) is thrilled to announce that it has been appointed as the exclusive leasing agent for the prestigious Rodin Place, located at 2000 Hamilton Street in Philadelphia, Pennsylvania.

Strategically nestled within the vibrant and culturally rich neighborhoods of Fairmount and the Art Museum of Philadelphia, Rodin Place stands as an exceptional destination for healthcare professionals seeking modern office spaces.

Designed with both functionality and aesthetics, Rodin Place offers contemporary, state-of-the-art medical office spaces ranging from 1,150 square feet to 6,503 square feet, that are ideally situated to accommodate a wide range of healthcare practices. This unique opportunity not only provides secure parking but also features 10 Tesla Supercharger stations. Additionally, the property is conveniently located in proximity of two national retailers, Target and Whole Foods, enhancing the overall accessibility and appeal of the location.

New medical office tenants at Rodin Place will join the esteemed establishments such as, Philadelphia Pediatric Dentistry, Advocare Fairmount Pediatrics & Adolescent Medicine, Wills Eye Physicians, Clementine Montessori and Neurabilities Healthcare, forming a dynamic and collaborative medical community.

“As the exclusive leasing agent for Rodin Place, we are excited to offer healthcare professionals a remarkable space that combines prime location with cutting-edge facilities,” said Todd Monahan, Executive Vice President and Managing Director at WCRE. “We believe this is a rare and unique opportunity for medical practitioners to establish prominent presence within an environment that fosters innovation and excellence.”

For more information and to schedule a tour, please contact Todd Monahan, Executive Vice President and Managing Director, at todd.monahan@wolfcre.com, or Bethany Brown, Vice President, via bethany.brown@wolfcre.com at Wolf Commercial Real Estate.

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long-term growth and success. For more information, visit our website, www.wolfcre.com.

Wanamaker Building in Receivership

Wanamaker building placed in receivership with $112M debt as lenders seek foreclosure and sale

The historic Wanamaker Building has been placed in receivership as one of Center City’s most recognizable office properties struggles to retain tenants and debtholders pursue foreclosure to satisfy a $112 million unpaid mortgage balance.

An emergency petition filed by Wilmington Trust N.A. for the appointment of a receiver was granted Sept. 6, according to filings with the Court of Common Pleas in Philadelphia. Wilmington Trust represents investors in the commercial mortgage-backed securities (CMBS) that comprise the debt backed by the 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 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.

Over 70% of Office Development Underway in Philadelphia

Downtown Philadelphia Accounts for Bulk of the Region’s Office Construction

The Philadelphia region has 21 office properties under construction totaling over 3.7 million square feet, as of the third quarter of this year. Over 70% of the new office development is concentrated in two downtown areas: University City and the Market Street West section of Center City. University City alone accounts for 1.2 million square feet, or 32%, of the ongoing office construction, while Market Street West contributes nearly 1.5 million square feet, constituting 40% of the region’s total.

*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.

After Twenty Years, KPMG Plans to Move out of Market Street Location

KPMG to move out of 1601 Market St. after more than 20 years, cut space by 38%

KPMG plans to leave its longtime home at 1601 Market St. next year and relocate to new offices at 1735 Market, reducing its space by 38% in the process.

The Big 4 accounting firm will make the move when its lease at 1601 Market expires on June 30, 2024. It currently occupies 134,000 square feet but will downsize to just 97,000 at 1735 Market, also known as the BNY Mellon Bank Center. It will take the entire third, fourth and sixth floors in the 54-story building.

KPMG declined to provide the length of the lease but did say it has flexibility to grow or shrink its space over time.

*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.

First Tenant at Schuykill Yards Tower is Goodwin Proctor

Goodwin Procter signs lease to become first tenant at new Schuylkill Yards tower

Nine months after launching a Philadelphia office, law firm Goodwin Procter has signed a lease to become the lead tenant at a new mixed-used tower at Schuylkill Yards.

Goodwin will occupy 31,500 square feet in the 28-story tower at 3025 John F. Kennedy Blvd. The lease is for 12.5 years.

Brandywine Realty Trust (NYSE: BDN) recently completed the building and Boston-based Goodwin’s fit out is planned to take about a year with move-in planned for the second half of 2024.

*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.

Center City District Relocates Offices

Center City District Relocating Offices to the Land Title BuildingBusiness

Center City District, an organization that operates the Center City business improvement district dedicated to enhancing the cleanliness, quality of life, and economic prosperity of downtown Philadelphia, will be relocating its office to ASI Management’s Land Title Building at 100 S Broad St., where it leased 26,173 square feet.

The business improvement district operator will occupy space on the first floor and mezzanine levels of the historic 22-story office toweroriginally built in 1898 as one of the first high-rise office towers in Philadelphia and features much of its original turn-of-the-century elegance. The building is centrally located in Center City, one block from City Hall at the center of Philadelphia’s downtown business district.

*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.

Office Sublease Intensifies in Philadelphia

Mounting Sublet Inventory Intensifies Philadelphia’s Office Woes

Office sublease availability has increased to 8.1 million square feet across the Philadelphia metropolitan area and now accounts for 3% of the 49.2 million square feet of available office inventory. As of the third quarter, 280 office properties in the Philadelphia region have available sublet spaces.

While sublet availability still comprises a small fraction of the total available office inventory, the fivefold increase in office sublet space since the pandemic is worrisome. In 2019, sublet space accounted for only 0.6% of the available office space in Philadelphia.

The City of Philadelphia accounts for 35% of total sublet availability at 2.8 million square feet. Of this, Center City is responsible for 74% of the city’s total sublet availability. If University City and the Navy Yard are included, they collectively comprise 88% of the city’s sublet availability.

*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.

Alterra Looks to Convert Market in Apartments

After scuttled deal, Alterra again looks to convert 1701 Market into 325 apartments

Alterra Property Group is once again moving forward with plans to buy 1701 Market St. and convert the Center City office building into 325 residential units, reviving a transaction that previously fell through due to rising costs.

The 305,170-square-foot, 18-story building is owned by New York-based LXP Industrial Trust (NYSE: LXP) and currently houses the headquarters of Philadelphia law firm Morgan Lewis and Bockius. Permits issued by the Philadelphia Department of Licenses and Inspections on July 19 for the residential conversion at 1701 Market include plans identifying Philadelphia-based Alterra as the project’s developer, signaling a sale agreement with LXP is back on.

*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.

Penn State Approves Sale of Navy Yard Buildings

Penn State approves $18.5M sale of Navy Yard buildings to IBEW Local 98

Penn State University’s board of trustees on Friday unanimously approved the sale of two Philadelphia Navy Yard buildings to the International Brotherhood of Electrical Workers Local 98 and the union’s apprenticeship arm for a combined $18.5 million.

The buildings total 65,057 square feet. A 38,348-square-foot building at 4960 S. 12th St. was approved to sell for $11.25 million to IBEW Local 98. Penn State approved the sale of a neighboring 26,709-square-foot building at 1101 Kitty Hawk Ave. for $7.25 million to Electrical Workers Joint Apprenticeship and Training Trust Fund.

*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.