Posts Tagged: Philadelphia

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 »

Chubb Closes in on Deal for New 475,000 SF Center City Office Building

Chubb Ltd. Offices for Philadelphia

Chubb Ltd., the giant insurance company, is nearing a deal to move forward with a proposed 475,000-square-foot building at 2000 Arch St. that would eventually serve as its new Philadelphia offices, according to several sources familiar with the plan. The company had been evaluating over the last four years or so whether to have a… Read more »

Brandywine Realty Trust brings on JV partner to develop $307M building at 3151 Market

Chubb Ltd. Offices for Philadelphia

Brandywine Realty Trust has arranged another joint venture with an undisclosed global institutional investor to proceed with the development of 3151 Market St., a proposed $307 million building in the University City neighborhood of Philadelphia that will cater to life sciences tenants.  Brandywine (NYSE: BDN) is also exploring ways to expand its B.Labs incubator in… Read more »

Rite Aid Downsizes Headquarters in Relocation to Philadelphia

Rite Aid

Pharmacy chain Rite Aid has moved to accommodate a more remote workforce, downsizing and relocating its headquarters to Philadelphia and selling its former one in central Pennsylvania. The retailer this week unveiled its new base on the second floor of 1200 Intrepid Ave. in Philadelphia’s Navy Yard district. It’s a 23,000-square-foot space that Rite Aid in a… Read more »

Most Philly workers are still remote as city works toward pandemic recovery

Center City Return to Work

More than two years into the pandemic, thousands of employees continue to work remotely in the suburbs rather than commute into the city, according to a new report by Pew Charitable Trusts. The permanent trend toward remote work is contributing to Philadelphia’s tepid economic rebound from the COVID-19 pandemic and a decline in the total… Read more »