Brandywine Realty Trust has sold a 30% stake in One and Two Commerce Square for $115 million, raising money to invest back into the company’s future projects. Brandywine, a Philadelphia real estate investment trust, said it closed on the transaction with an undisclosed global institutional investor in a deal the company values as a $600… Read more »
Posts By: WCRE
Philly Office Space for Lease on Jefferson Avenue in Audubon
Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available Philly office space for lease at 904 Jefferson Avenue Audubon PA. The asking lease price for this office space in Philly at 904 Jefferson Avenue Audubon PA is $14.00 sf… Read more »
Prime Philly Office Space for Lease Near City Hall
Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is offering prime Philly office space for lease at 2 Penn Center Philadelphia PA. The asking lease price for this office space in Philly for lease is $24.50 sf, which means this Philly… Read more »
Parent of Independence Blue Cross closes on $360M purchase of HQ
Independence Health Group, parent company to Independence Blue Cross, has closed on buying its Center City headquarters building for $360 million, or $450 a square foot. The Philadelphia Business Journal first reported last month that Independence had put the 800,000-square-foot building at 1901 Market St. under contract. Piedmont Office Realty Trust Inc. (NYSE:PDM) was the seller of… Read more »
West Philadelphia mixed-use portfolio sells for $15.4M
A Brooklyn real estate company has picked up a three-building portfolio in the Parkside area of West Philadelphia for $15.37 million. Leser Group bought the properties from Rockland Capital, a Philadelphia real estate company that assembled and developed the buildings that have a mix of retail and office space. The portfolio totals 97,200 square feet…. Read more »
Freestanding Philly Office Space for Lease in Audubon
Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available freestanding Philly office space for lease at 904 Jefferson Avenue Audubon PA. The shell space that enables a custom tenant fit-out at this Philly office building for lease at 904… Read more »
$100M development in University City lines up another tenant
The Barer Institute, a collaborative cancer drug development initiative started by Rafael Holdings, Inc., intends to lease space at the planned 3.0 University Place development in University City. The institute signed a non-binding letter of intent to occupy 2,500 square feet on the fifth floor of the building that will feature 10 other suites totaling… Read more »
Exclusive: Independence Blue Cross buying Center City skyscraper
The Barer Institute, a collaborative cancer drug development initiative started by Rafael Holdings, Inc., intends to lease space at the planned 3.0 University Place development in University City. The institute signed a non-binding letter of intent to occupy 2,500 square feet on the fifth floor of the building that will feature 10 other suites totaling… Read more »
Premier Philly Office Space to Sublease Across from City Hall
Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is offering prime Philly office space to sublease across from City Hall in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA. The asking sublease price for this office space in… Read more »
Independence Blue Cross tower in Center City goes under contract
At the height of the coronavirus pandemic, Piedmont Office Realty Trust has managed to get 1901 Market St. under agreement for $360 million. Known better as the headquarters for Independence Blue Cross, the 45-story, 801,000-square-foot office tower was put on the market in late February and was expected to trade for an estimated $370 million. Piedmont said… Read more »
