Posts Categorized: Philly Office Space

Rubenstein Partners makes headway on $50M Chesterbrook repositioning

Three years after buying Chesterbrook corporate park and its 1.1 million square feet of office space, Rubenstein Partners is making progress on a $50 million repositioning of the suburban campus.  The Philadelphia real estate firm spent $10 million converting a vacant, 41,331-square-foot office building at 851 Duportail Road to house a fitness center, conference space,… Read more »

Brandywine Realty puts 1900 Market St. up for sale

Chubb Ltd. Offices for Philadelphia

Ten years after buying 1900 Market St. in Philadelphia for $34.8 million, Brandywine Realty Trust has put the 456,922-square-foot building up for sale. The building, which is fully leased, could potentially trade for an estimated $200 million.  The 8-story building will test investor interest in Center City office buildings, an asset class that has lost… Read more »

Four-Story Office Space for Sale in Philly on Locust Street

1200 Locust Street Philadelphia PA

Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services, now has available Philly office space for sale in a four-story building at 1200 Locust Street Philadelphia PA. Please call for the asking sale price of this office space for sale in Philly… Read more »

Brandywine Realty joint venture closes on $383M deal for IRS-leased building in University City

Brandywine Realty Trust has closed on a $383 million joint venture with two investors to purchase Cira Square, an 863,000-square-foot building in the University City neighborhood of Philadelphia that is leased to the Internal Revenue Service through 2030.  Aside from Brandywine, the investors were not disclosed in Brandywine’s first quarter results late Wednesday but sources… Read more »

Center City Philadelphia and the Return to Office

Center City Return to Work

As the Covid Pandemic begins to subside, many questions about how we work and from where remain unanswered.  Will total demand for space decline and if so to what degree?  How do employers retain valuable employees, provide the flexibility employees are demanding, while maintaining productivity? As employees return to work, will employers change the way… Read more »

Riverwalk South Exterior Nearly Complete In Center City West

Center City Return to Work

In Center City West, numerous developments are under construction or are in planning stages. At 60 North 23rd Street, the two-tower Riverwalk complex stands next to the Schuylkill River. Designed by Gensler and developed by the PMC Property Group, the north tower stands 315 feet tall and 28 stories, while the south tower stands 363 feet tall and 32 stories high. The project… Read more »