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… Read more »
Posts Tagged: Philadelphia office properties
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…. Read more »
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,… Read more »
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… Read more »
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… Read more »
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 8th and Market Street train station. Hether Smith with… Read more »
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… Read more »
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… Read more »
Market Knowledge Creates Higher Returns
Over the past several years, the investment market within the Philadelphia and Southern New Jersey region has grown extremely competitive. Market trends show a majority of investors are looking within the Philadelphia region seeking higher upside values and returns. These investors are typically searching for 8% + returns on investments. This has become increasingly challenging… Read more »
Philly Office Space Vacancies Decrease
Vacancies for Philadelphia office properties dropped to 11.5% at the end of the third quarter 2013, a decrease over the previous quarter, according to a new market trend report from the Costar Group. Net absorption in the Philly office space market was positive 193,270 square feet in the third quarter, compared to positive 786,597 square… Read more »
