Home equity lender Spring EQ is returning to Philadelphia’s Cira Centre with a new 27,000-square-foot office lease. The company plans to consolidate approximately 250 employees from its Conshohocken and Mount Laurel locations into the University City tower. Located at 2929 Arch Street, Cira Centre is a 29-story office building owned by Brandywine Realty Trust. Spring… Read more »
Owner-occupants are playing a much larger role in Philadelphia office sales as traditional investors remain cautious. Office users accounted for approximately 42% of acquisition volume during 2026. That share is nearly double the level recorded in 2025. Additionally, owner-occupants have historically represented only 9% of Philadelphia office acquisition volume since 2016. The shift does not… Read more »
Irish water infrastructure engineering firm Glanua has selected Radnor for its first U.S. headquarters. The fast-growing company plans to hire 200 employees as it expands into the American market. Glanua opened a 1,700-square-foot office at Radnor Financial Center, owned by Brandywine Realty Trust. The space can initially accommodate between 10 and 15 employees. However, the… Read more »
Burlington Stores plans to relocate its corporate headquarters from South Jersey to Philadelphia’s University City neighborhood. The off-price retailer is purchasing the 441,000-square-foot office building at 3151 Market Street. Furthermore, Burlington plans to occupy the entire building as its new corporate headquarters. The relocation represents a $370 million investment by the company. Additionally, Burlington expects… Read more »
New York Life Insurance Co. is relocating a business unit within Center City Philadelphia. As part of the move, the company will reduce its office footprint by nearly half. The insurer signed a long-term lease for approximately 40,000 square feet at 1717 Arch Street. Specifically, New York Life will occupy the 44th and 45th floors… Read more »
New York Life Insurance Co. is reducing its office footprint in Center City. As part of the move, the company will relocate a business unit from Two Liberty Place to Three Logan Square. The insurer signed a lease for approximately 40,000 square feet at 1717 Arch Street. Specifically, the company will occupy space on the… Read more »
The future of Philadelphia’s iconic Centre Square complex has become increasingly uncertain as new buyers enter the race for the distressed property. Just months after a potential deal appeared close, additional bidders have surfaced for the massive Center City office complex. Their involvement now threatens to derail the proposed acquisition by local developers Dean Adler… Read more »
Philadelphia’s office market welcomed a major milestone this week as Chubb officially opened its new headquarters at 2000 Arch Street. The 438,000-square-foot tower reflects the company’s long-term commitment to both the city and in-person collaboration. By early afternoon Monday, the building’s cafeteria buzzed with activity. Employees gathered for lunch, held conversations with coworkers, and searched… Read more »
Bonduelle Americas has selected Philadelphia for its newest office location. As a result, the company plans to expand operations and add more than 100 jobs in the city. The plant-based food manufacturer evaluated more than 20 markets during its site search. Eventually, the company narrowed its options to Philadelphia, Boston, Chicago, Atlanta, and Chapel Hill…. Read more »
Center City Philadelphia is continuing its shift toward a more mixed-use future. As a result, office conversions are expected to play a major role in reshaping downtown. According to the latest “State of Center City” report, approximately 2 million square feet of office space is positioned for redevelopment. Most of the potential conversion activity is… Read more »
