The select top office lease signed during the fourth quarter 2013 in the Philly office space market was at 1801 Augustine Cut-Off in the North New Castle County submarket, according to a market trend report from the CoStar Group. The landlord for this 190,823-square-foot deal in the Philadelphia office space market was represented by Capano Management, the report said.
Other major office leases signed in the quarter include a 70,110-square-foot office lease signed in the Conshohocken Ridge Corporate Center in the Philly office space market’s Conshohocken submarket, according to CoStar’s Fourth Quarter 2013 Market Report. Exeter Property Group represented the landlord in this deal for office space in Philadelphia.
In addition, CSC renewed its lease for 36,616 square feet at 8000 Lincoln Drive East in the Philadelphia office space market’s South Burlington County submarket, the report said. The landlord for this contract for office space in Philly was represented by Tequesta Properties, Inc.
In the Market Street West submarket for office space in Philadelphia, the District 1199C Training & Upgrading Fund renewed its lease for 31,307 square feet in the Land Title Building, CoStar said. The landlord was represented by MS Fox Real Estate Group, Inc., according to the report.
Also in the Market Street West submarket for office space in Philadelphia, Brandywine Realty Trust represented the landlord and Jones Lang LaSalle represented the tenant in Pepper Hamilton LLP’s renewal of its 230,560-square-foot lease at Two Logan Square. This deal for office space in Philly was signed in the third quarter 2013, according to the CoStar report.
In comparison to the fourth quarter 2013 results from the Philadelphia office space market, the largest new office lease signings that occurred nationally in the same quarter include the lease for 515,457 square feet signed by Group M Worldwide at 3 World Trade Center in the New York City market; CME Group, Inc.’s lease for 449,000 square feet at the World Finance Center – NYMEX building; Valean Pharmaceuticals International, Inc.’s 310,000-square-foot lease in the Northern New Jersey market; Cogo, Inc.’s lease of 234,484 square feet and Zebra Technologies Corp.’s lease for 233,286 square feet, both in the Chicago market, according to the CoStar report.
For more information about office space in Philly or any Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly office space.
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