Posts Categorized: Wolf Commercial Real Estate

Environmental Protection Agency Inks Deal at Four Penn Center Office Tower

Environmental Protection Agency Inks Deal at Four Penn Center Office Tower

Government Agency Signs 173,000-SF Lease in Downtown Philadelphia Environmental Protection Agency leased 172,658 square feet at Treeview Real Estate Advisors’ Four Penn Center office tower in Philadelphia.The 4-Star, 522,050-square-foot building at 1600 John F Kennedy Blvd. spans three quarters of an acre across from Suburban Station. The 20-story structure was built in 1964 and renovated in 2001…. Read more »

Zarwin Baum Devito Kaplan Schaer Toddy P.C. Inks Deal at One Commerce Square

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 »

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 »

Prime Philly Office Space to Sublease at 2 Penn Center

Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is offering prime Philly office space to sublease in 2 Penn Center at 1500 John F. Kennedy Boulevard Philadelphia PA. This Philly professional office space – located in the heart of the Philadelphia… 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 »

Aramark Inks Deal at Downtown Philadelphia Office Tower

Aramark new Building

Food Service, Facilities and Uniform Services Provider Signs 16,000-SF Lease Aramark, a food service, facilities and uniform services provider, signed a 15,857-square-foot lease at Nightingale Properties’ and Carlton Associates’ Class A office tower in Philadelphia, according to CoStar Research. The 686,503-square-foot, 29-story structure at 1835 Market Street was built in 1986 and renovated in 1997…. Read more »

Philadelphia’s Proposed One Percent Tax on New Construction

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 »

Philadelphia Independence Hall Office Space Market Heating Up

Early signs may be surfacing of a resurgence in Independence Hall’s office market in Philadelphia. Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets in and around the Philadelphia office space central business district (CBD) such as Market Street West and University City. These higher vacancies were caused… 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 »