Rawle & Henderson will cut its office space in half when it relocates its Philadelphia headquarters from the Widener Building to 1500 Market St. next year.
The venerable litigation defense firm has been located in the Widener Building at 1339 Chestnut St. since 1989. It will be moving into parts of two of the six floors vacated at 1500 Market by mortgage insurer Radian Corp. (NYSE: RDN).
Rawle will be taking all of the 19th floor (28,009 square feet) and part of the 20th (8,187 square feet) for a total of 36,196 square feet. That compares to 69,420 square feet it currently occupies at the Widener Building.
The move will take place when the firm’s current lease expires in April 2023. It plans to sublease space from Radian, beginning May 1, 2023 and ending July 31, 2032. That is the remainder of Radian’s lease agreement at 1500 Market.
*Article courtesy of Philadelphia Business Journal
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