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,… Read more »
Posts Categorized: Philadelphia office space
Upper Merion Proposes $200M Entertainment District in KOP
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… Read more »
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… Read more »
Adler and PMC Seek to Exit $70 Million Centre Square Purchase Agreement
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… Read more »
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… Read more »
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… Read more »
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… Read more »
New York Life Relocates to Three Logan Square
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… Read more »
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… Read more »
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… Read more »
