Office tour activity is gaining momentum in Philadelphia as tenants seek larger, higher-quality spaces. Reflecting renewed confidence in the market, Brandywine Realty Trust has acquired its joint venture partner’s stake in the mixed-use tower at 3025 John F. Kennedy Blvd., investing $70.5 million to become the sole owner.
The 570,000-square-foot property, featuring both office and residential space, marks another step in Brandywine’s optimism about the office sector’s recovery. “Our pipeline activity continues to grow, tour volume remains at very healthy levels, and rent levels are in line with our business plan,” said CEO Jerry Sweeney.
Completed in 2023, the 28-story tower’s 200,000-square-foot office component is part of Brandywine’s Schuylkill Yards development and continues to draw strong tenant interest for its premium, amenity-rich environment.
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.
