Zarwin Baum Devito Kaplan Schaer Toddy P.C. Inks Deal at One Commerce Square

Law Firm Signs Lease at Downtown Philadelphia Office Tower

Law firm Zarwin Baum Devito Kaplan Schaer Toddy P.C. subleased 29,724 square feet at One Commerce Square in downtown Philadelphia.

The 1.02 million-square-foot tower at 2005 Market St. was built in 1987 and renovated in 2013. The 41-story, 4-Star building spans 1.4 acres one block from the 22nd Street trolley station.

The new tenant plans to occupy the tower in October 2019.

The landlord, Brandywine Realty Trust, originally purchased One Commerce Square in December 2013, CoStar data shows.

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact WCRE at 215-799-6900

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Industrious Expands Philadelphia Footprint

Flexible Workspace Provider Signs Office Lease at Two Liberty Place

Flexible workspace provider Industrious signed a 55,000-square-foot lease at the Two Liberty Place office tower in Philadelphia.

Joyce Oh, Mid-Atlantic area manager of Industrious, said in a statement, “Industrious first entered Philadelphia in 2015 and we have continued to witness strong demand for our product. As we were looking to expand across the market, our existing relationship with Coretrust opened the door to one of the city’s top Class A buildings.”

Industrious plans to open at Two Liberty Place in the first quarter of 2020. The company will occupy two full floors, and the deal brings the tower to over 90% occupied.

The 57-story tower at 50 S. 16th St. was built in 1990 and renovated in 2018. The 5-Star property spans 0.76 acres less than two blocks from the Suburban train station.

Industrious’ first existing Philadelphia location is at Industrious Avenue of the Arts in Center City.

Coretrust acquired Two Liberty Place in October 2016 via its Coretrust Value Fund I for $219 million, or about $233 per square foot, CoStar data shows.

“Industrious is the ideal partner for us at Two Liberty Place as it is the premier provider of flexible workspace,” Spike Whitney, vice president of Coretrust, said in a statement.

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact WCRE at 215-799-6900

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Coworking operator takes space in Two Liberty

Industrius, a coworking operator, has leased 55,000 square feet in Two Liberty Place, an office tower in Philadelphia.

It will occupy two floors of the building at 50 S. 16th St.

This will be the second Philadelphia location for the coworking operator. The company entered the market in 2015 when it leased two full floors, or about 21,000 square feet, at 230 S. Broad St. in Center City.

The Two Liberty space will be arranged for those needing individual offices that can accommodate 20 to 100 people. Industrius is expected to open during the first quarter of 2020.

Coretrust Capital Partners owns the office portion of Two Liberty Place. The lease with Industrius means Two Liberty is more than 90 percent occupied.

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact WCRE at 215-799-6900

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Sale of Mellon Bank Center closes

Silverstein Properties Inc. has closed on the $451.6 million purchase of BNY Mellon Bank Center, a 54-story, 1.3-million-square-foot office trophy office building in Center City.

Silverstein, a New York real estate firm, bought the property in a venture with Arden Group of Philadelphia, and Migdal Insurance, an Israeli-based insurance company and pension fund manager. This is the first acquisition in Philadelphia for Silverstein. Arden Group has owned properties in Philadelphia and its suburbs as well as developed the Ritz-Carlton and the Residences at the Ritz-Carlton in Center City.

Equity Commonwealth of Chicago was the seller. It said that after costs associated with capital expenditures, rent abatements, and leases, the sale amount was $435.6 million

For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact the team at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm at 215-799-6900.

Amicus Therapeutics Signs Large Office Lease at New Facility in Philadelphia

Biotech Company Plans to Hire 200 Employees at uCity Square

Global biotechnology company Amicus Therapeutics signed a 75,000-square-foot lease at University City Science Center’s Class A office building in downtown Philadelphia.

The uCity Square facility at 3675 Market St. will serve as Amicus Therapeutics’ (Nasdaq: FOLD) global research and gene therapy of excellence location, where the company expects to house 200 employees over the next few years.

Developed by Baltimore-based Wexford Science & Technology, the 350,000-square-foot building delivered in 2018. The 5-Star, 14-story structure is across from the 36^th Street and Market Street light rail station, and the research center is expected to be completed by the third quarter of 2019.

A group of Amicus research employes have already moved into a temporty space at BioLabs@CIC Philadelphia during construction of the permanent space.

Amicus Therapeutics’ Chairman and Chief Executive Officer John Crowley said in a statement, ”The proximity to our collaborators at the University of Pennsylvania and other major academic centers and hospitals in the area also provides a tremendous opportunity to advance our commitment to gene therapies. Philadelphia is easily accessible to New Jersey, which has been a strong contributor to our success and will remain the location of our global headquarters.”

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For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm.

Prime Philly Office Space to Sublease at 2 Penn Center

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 in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA.

This Philly professional office space – located in the heart of the Philadelphia Business District – has 400 sf of Philly professional office space to sublease available. Prospective tenants will find two fully furnished offices at this Philadelphia office space to sublease. This Philly professional office space to sublease also has 24-hour security.

The asking sublease price for this professional office space in Philadelphia is $1,800 per month (Full Service). This Philly professional office space to sublease is being offered through Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philly commercial real estate listings and services.

This Philadelphia office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA is in a 20-story, Class A office building and there is a total of 502,531 sf in the building hosting this professional office space in Philly. Building amenities of this professional office space in Philadelphia include upgraded bathrooms and corridors. There also are views of Love Park from this Philly office space to sublease.

This Philadelphia office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA offers shared access to a kitchen and a conference room within the suite. There also are several parking garages nearby this Philly office space to sublease.

This Philly professional office space is available to sublease through Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services.

Nearly 74,000 people reside within a one-mile radius of this professional office space in Philadelphia while the average household income in the same geographic area near this Philly professional office space to sublease is $80,604.

For more information about this Philly office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA or about any other Philadelphia commercial properties for sale or lease, please contact Mitch Russell (215-799-6143; mitch.russell@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philadelphia commercial real estate listings and services.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

Ballinger Renews Lease in Downtown Philadelphia

Local Architecture Firm Signs Large Office Lease

Local architecture firm Ballinger renewed its 78,951-square-foot lease at HCP’s Class A office building in Philadelphia.

The 708,361-square-foot building at 833 Chestnut St. was built in 1926 and renovated in 2006. The 14-story, 4-Star property spans 1.6 acres across from the 8^th and Market Street train station.

Hether Smith with Savills Studley represented the tenant in negotiations.

HCP originally purchased the building, which is managed by Lincoln Harris CSG, in April 2015, CoStar data shows.

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Philadelphia commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Comcast Spectacor, Cordish Cos. Reveal Plans for $80M Office Tower at Philadelphia Sports Complex

Construction on New Pattison Place Office Project Expected to Begin After Reaching Certain Level of Leasing Commitments

Rendering of the planned 200,000-square-foot Pattison Place office tower in Philadelphia. Image: The Cordish Cos.

Comcast Spectacor and The Cordish Companies revealed details for Pattison Place, an $80 million office tower planned for a site adjacent to the firms’ Xfinity Live!project in the South Philadelphia stadium district.

Designed by Beyer Blinder Belle and BLT Architects, plans for the 200,000-square-foot office building call for a 4,000-square-foot lobby with 35-foot ceiling heights and 20,000 square feet of ground floor retail space.

Construction of Pattison Place is expected to create 1,670 new jobs and generate $295 million in economic benefits to the city and state over a 30-year period, according to the developers. They plan to begin construction after leasing a certain amount of space in the new project.

Blake Cordish, principal of The Cordish Companies, said in a statement, “Pattison Place will offer first class amenities in an unparalleled location amid Philadelphia’s professional sports teams.”

The building is located on part of the 47-acre tract of city-owned land that Comcast Spectacor has the right to develop under a long-term ground lease.

A subsidiary of Philadelphia-based Comcast Corp., Comcast Spectacor owns and operates the Wells Fargo Center arena and complex, as well as a portfolio of professional sports teams that includes the National Hockey League’s Philadelphia Flyers, the Overwatch League’s Philadelphia Fusion, the National Lacrosse League’s Philadelphia Wings and the Maine Mariners of the ECHL.

Philly Office Space

Wolf Commercial Real Estate (WCRE), a full-service Philadelphia commercial real estate brokerage firm, specializes in representing Philly office space for buyers, tenants, investors and sellers throughout the Greater Philadelphia region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Philadelphia office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Philadelphia commercial real estate services, the team at our Philly commercial real estate brokerage firm provides ongoing detailed information about Philadelphia office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Philadelphia commercial real estate services encompass the highest quality of service and proven expertise.

Philly Office Space Property Owner Representation

WCRE, a leading Philadelphia commercial real estate broker, helps owners of Philly office space for sale or lease put tenants or buyers in their properties through a defined marketing process that is tailored to each property and sub-market. Our proven marketing strategy is implemented by commercial real estate professionals who are experts in the Greater Philadelphia-area office markets, providing the unparalleled levels of Philadelphia Property Owner Representation. As a premier Philadelphia commercial real estate brokerage firm, we treat your Philadelphia office properties as if they were our own and work closely with you as part of our total commitment to client-focused relationships.

Philly Office Space Tenant Representation

For companies and individuals seeking to lease or acquire new Philly office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Philadelphia Tenant Representation services, we ensure that the sale or lease terms of the Philadelphia office space or any other new property are tailored to meet your goals. As a full-service Philly commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Philly office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Philadelphia office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Philly commercial real estate brokerage firm.

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Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the Greater Philadelphia area and beyond. Please visit our websites for information about our Philadelphia commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Philly commercial real estate broker.

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Aramark Inks Deal at Downtown Philadelphia Office Tower

Food Service, Facilities and Uniform Services Provider Signs 16,000-SF Lease

Aramark, a food service, facilities and uniform services provider, signed a 15,857-square-foot lease at Nightingale Properties’ and Carlton Associates’ Class A office tower in Philadelphia, according to CoStar Research.

The 686,503-square-foot, 29-story structure at 1835 Market Street was built in 1986 and renovated in 1997. The 4-Star property spans nearly an acre less than two blocks from the 19^th Street light rail station.

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Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with extensive expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philadelphia office space with the Philadelphia commercial properties that best meet their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals. If you are looking for Philly office space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties and Philadelphia commercial real estate listings for lease or sale through our Philadelphia commercial real estate brokerage firm.