One of Philadelphia’s premier office buildings has entered the market for sale as its loan maturity approaches. Lubert-Adler Real Estate Funds has engaged CBRE to market the 595,000-square-foot property at 2400 Market Street. Overlooking the Schuylkill River, the Center City office building features a prominent location and established corporate tenancy. The property is… Read more »
Home equity lender Spring EQ is returning to Philadelphia’s Cira Centre with a new 27,000-square-foot office lease. The company plans to consolidate approximately 250 employees from its Conshohocken and Mount Laurel locations into the University City tower. Located at 2929 Arch Street, Cira Centre is a 29-story office building owned by Brandywine Realty Trust. Spring… Read more »
A former Center City Philadelphia office building has officially reopened as a 176-unit apartment community. The residential conversion at 400 Market Street reached 40% leased before welcoming its first residents. West Conshohocken-based Keystone and development partner Dean Adler completed the transformation of the nearly vacant office property. The first residents recently moved into the building,… Read more »
Owner-occupants are playing a much larger role in Philadelphia office sales as traditional investors remain cautious. Office users accounted for approximately 42% of acquisition volume during 2026. That share is nearly double the level recorded in 2025. Additionally, owner-occupants have historically represented only 9% of Philadelphia office acquisition volume since 2016. The shift does not… Read more »
Irish water infrastructure engineering firm Glanua has selected Radnor for its first U.S. headquarters. The fast-growing company plans to hire 200 employees as it expands into the American market. Glanua opened a 1,700-square-foot office at Radnor Financial Center, owned by Brandywine Realty Trust. The space can initially accommodate between 10 and 15 employees. However, the… Read more »
Hanwha Philly Shipyard has expanded its Navy Yard footprint with a new 64,380-square-foot office lease. The shipbuilder will occupy three floors at 201 Rouse Boulevard, an 80,000-square-foot office building. Overall, Hanwha will occupy more than 80% of the property. The building sits approximately 1.3 miles from Hanwha’s 115-acre shipyard along the Navy Yard waterfront. Notably,… Read more »
The Pennsylvania Horticultural Society is relocating its longtime Philadelphia headquarters with a new lease at 1900 Market Street. PHS signed a 16-year lease for approximately 18,000 square feet at the former Philadelphia Stock Exchange building. The nonprofit will occupy space on the ground floor and within a lower-level atrium. The move takes PHS just two… Read more »
The owner of Spring Mill Campus is exploring a sale or recapitalization after significantly improving occupancy at the Conshohocken office complex. Alliance HP acquired the 508,500-square-foot property for $81 million in 2019. At the time, Spring Mill Campus was approximately 65% occupied. Since then, occupancy has increased to 86%. That improvement represents a notable turnaround… Read more »
Philadelphia International Airport has acquired a large neighboring property that could support future expansion and development. The airport purchased the 31.6-acre site at 8800 Tinicum Boulevard for $42 million. The property includes a vacant 441,000-square-foot office building and a large surface parking lot. The transaction equates to approximately $95 per square foot. Notably, the site… Read more »
Philadelphia architecture firm Designblendz is doubling its office footprint with a new 10,000-square-foot lease in Market East. The firm signed a seven-year lease at the Steele Building at 15-21 South 11th Street. Designblendz will occupy the top two floors of the five-story building. Additionally, the firm plans to relocate to the property in December. Currently,… Read more »
