Construction and engineering firm Day & Zimmermann will significantly reduce its Center City office space as it relocates next year to 1835 Market Street. The company has signed a long-term, 48,074-square-foot lease, moving from over 100,000 square feet at 1500 Spring Garden Street, where it has been headquartered for nearly two decades. Despite the downsizing,… Read more »
Audacy is subleasing nearly half of its 65,000-square-foot headquarters at 2400 Market Street in Center City Philadelphia. The company is making about 32,400 square feet of space available as it adapts to hybrid work schedules and evolving office needs. Despite the downsizing, Audacy will maintain its studios for six local radio stations and continue to… Read more »
Hangley Aronchick Segal Pudlin & Schiller is relocating from One Logan Square to a smaller footprint at 1735 Market Street, reducing its space by 46%. The firm has signed a 12-year lease for 22,230 square feet on the 26th floor of the building, also known as BNY Mellon Center, which is co-owned by Silverstein Properties… Read more »
The owner of the iconic Wanamaker building contemplates transforming its office space into residential units due to ongoing tenant departures. Since the 112-year-old property entered receivership in September, Rubenstein Partners has been steering the future of this 1.4 million-square-foot site. In a statement to the Philadelphia Business Journal, Rubenstein acknowledged the challenges within Philadelphia’s central… Read more »
Wolf Commercial Real Estate (“WCRE”) is delighted to announce that they have been appointed the exclusive leasing agent for the Kevon Office Center (“KOC”), situated at 2500 McClellan Avenue in Pennsauken, New Jersey. Kevon Office Center was recently acquired by Alinea Capital Group, a private investment firm located in Philadelphia. Ownership has started a comprehensive… Read more »
Office sublease availability has increased to 8.1 million square feet across the Philadelphia metropolitan area and now accounts for 3% of the 49.2 million square feet of available office inventory. As of the third quarter, 280 office properties in the Philadelphia region have available sublet spaces. While sublet availability still comprises a small fraction of… Read more »
Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available Philly office space for sale or lease in a two-story building at 500 East Township Line Road Havertown PA. This office space in Philly is ideal for professional, retail, or… Read more »
The owner of a 120,000-square-foot office building on Chestnut Street is willing to spend more than $40 million to convert it into lab space in a play to attract life sciences companies and fill its pending vacant space. Rebranded as 2323 Chestnut St., Miller Investment Management is marketing the building long known as 2301 Chestnut… Read more »
Qurate Retail Group, the parent company of QVC Inc. and the Home Shopping Network, has sold one of its buildings in West Chester for $17.5 million, having determined it no longer needed the space as the company embraces a flexible work arrangement going forward. Parsons 1365 LLC, an entity affiliated with Communications Test Design Inc.,… Read more »
