AmerisourceBergen Corp. has moved into its new headquarters in Conshohocken and exited Chesterbrook, where it spent the last three decades growing into what is now a Fortune 500 company with $189.9 billion in revenue. The 11-story, 429,122-square-foot office building at 1 W. First Ave. is part of Keystone Property Group’s $325 million Sora West mixed-use… Read more »
Rite Aid Corp. will relocate its headquarters to the Philadelphia Navy Yard, after having spent decades based in Camp Hill. The company leased 23,500 square feet at 1200 Intrepid Ave. and will open what it is calling an “enterprise headquarters” as part of an effort to redefine how it envisions its employees working as a… Read more »
Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is now offering Philly office space for sale at 1200 Locust Street Philadelphia PA. This Philly office building for sale is housed in a four-story structure and this office space for sale in… Read more »
An historic Center City building housing the Philadelphia Inquirer as well as three separate divisions of the General Services Administration has been put up for sale, and one estimate has it trading for upwards of $180 million. The Commonwealth of Pennsylvania is the largest tenant at the 13-story, nearly 700,000-square-foot property at 801 Market St…. Read more »
Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is offering highly visible Philly office space for lease at 500 East Township Line Road Haverford PA. Please call for the asking lease price of this office space for lease in Philly. This… 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 »
Five Below Inc. is trying to sublease 42,000 square feet at its Philadelphia headquarters, deciding it no longer needs the space it grabbed two years ago for future expansion. If possible, it wouldn’t mind getting rid of an additional 26,000 square feet for a grand total of 68,000 square feet. The company is “evaluating a hybrid model… Read more »
Dechert has signed a short-term renewal on about 109,000 square feet of office space over four floors at Cira Centre. Dechert, one of Philadelphia’s largest law firms, had been in discussions for some time with the building’s landlord, Brandywine Realty Trust, to occupy four floors in the upper section of Cira Centre. The firm had… Read more »
Biomeme Inc., a diagnostic startup behind a rapid Covid-19 test, has signed a lease on 44,000 square feet to relocate its headquarters, lab and production space to 401 N. Broad St. in Center City. The company is currently housed in about 20,000 square feet at 1015 Chestnut St. and has grown during the pandemic as… Read more »
Is Philadelphia’s proposed one percent tax on new construction a good compromise or a fools bargain? The Philadelphia City Council announced new legislation on April 11, 2018, that includes a new one percent tax on new construction that would raise revenue for the Housing Trust Fund, the city’s dedicated source for developing new affordable housing, preserving existing… Read more »
