Posts Tagged: Office

4-Building Old City Portfolio on the Market, Including the Bourse

Offices Old City Hit the Market

MRP Realty is looking to sell its four-building Old City portfolio, a listing that comes seven years after the Washington, D.C., company acquired the properties and entered the Philadelphia office market.  The buildings total 713,000 square feet and are collectively 52% occupied. *Article courtesy Philadelphia Business Journal For more information about Philadelphia office space for… Read more »

Ensemble Investments Purchases Two Wayne Office Buildings

Ensemble Buys Wayne Offices

Ensemble Investments LLC is expanding its local reach outside of the Philadelphia Navy Yard, buying two top-tier office buildings in Wayne totaling 204,000 square feet.  The Long Beach, California, real estate firm purchased 650 and 680 E. Swedesford Road from Prologis Inc. The latter picked up the buildings in its $13 billion acquisition of Liberty Property… Read more »

Chubb Announces Plans for New Philly Office

Chubb new Office in Philly

Chubb, the world’s largest publicly traded property and casualty insurance company, today announced its plan for a new Philadelphia office that will occupy a state-of-the-art building to be constructed at 2000 Arch Street, reaffirming a commitment to the City of Philadelphia and the Commonwealth of Pennsylvania that can be traced to 1792. Designed with the highest standards for sustainability, the new… Read more »

Philadelphia Growth Remote Work

Office Space Philadelphia

It turns out people don’t decide where to live solely based on where they work, and that’s good news for Philadelphia’s coffers and the city’s small business recovery — at least for now. “The core of the downtown, while not fully restored because [we’re still] missing 45% of office workers… is coming back relatively strongly,”… Read more »

Alterra Property Group Nears Deal with Vacated Morgan Lewis Building

Alterra Nears Deal with Morgan Lewis

Alterra Property Group is nearing a deal to acquire 1701 Market St. with plans to convert the longtime Morgan Lewis & Bockius headquarters building into apartments, according to industry sources. The 305,170-square-foot property in the heart of the Central Business District has been up for sale as Morgan Lewis plans to vacate the entire space… Read more »

Alterra Property Group to Acquire Previous Morgan Lewis Building

Alterra Property Group Philly

Alterra Property Group is nearing a deal to acquire 1701 Market St. with plans to convert the longtime Morgan Lewis & Bockius headquarters building into apartments, according to industry sources. The 305,170-square-foot property in the heart of the Central Business District has been up for sale as Morgan Lewis plans to vacate the entire space… Read more »

CBIZ Relocates Office to West Conshohocken

CBIZ Relocates to West Conshohocken

CBIZ Inc. has signed a 10-year lease for 50,850 square feet in West Conshohocken with plans to relocate more than 200 employees from Plymouth Meeting. The global accounting and financial services firm will become the largest tenant at Keystone Development & Investment’s 1K1 building at 1001 Conshohocken State Road, taking up the entire sixth floor… Read more »

Large Law Firm Leaving Cira Centre for One Liberty

Law Firm Leaving Cira Centre for One Liberty Philly

Holland & Knight has signed a seven-year lease to relocate to One Liberty Place from its initial Philadelphia home at Cira Centre.  The firm will occupy the 32nd and 33rd floors, which equal just over 48,000 square feet, when it makes the move next year.  Tampa-based Holland & Knight, one of the largest U.S. law… Read more »

Fast-Growing Swedish Software Company Chooses Philadelphia for U.S. Headquarters

Software - Philadelphia Headquarters

Younium, a software technology company headquartered in Sweden, has picked Philadelphia for the headquarters of its U.S. operations. The company’s software helps manage various aspects of subscription-based businesses like invoices and billing, financial reporting and data insights. Younium currently has some 50 employees located across the globe, and expects its Philadelphia office to have a… Read more »

Centre Square Owners Ask for Second Extension on Loan

Joint Venture in Philadelphia

The owners of one of Philadelphia’s most recognizable office complexes are looking for a second extension on a loan that has already been refinanced.  A joint venture between New York’s Nightingale Properties and investment firm Wafra Capital Partners, which owns Centre Square at 1500 Market St., has asked to extend the maturity of a $368… Read more »