Premier Philly Office Space for Sale on Locust Street

Wolf Commercial Real Estate, the leading Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is offering premier Philly office space for sale at 1200 Locust Street Philadelphia PA.

The property containing this Philly office space is in a four-story building and this Philly office building for sale at 1200 Locust Street Philadelphia PA is a fully built-out medical office building. This Philly office space for sale is in the heart of Center City Philadelphia and this Philly office space for sale is an income-producing property with a tenant already in place.

Please call for the asking sale price for this office space in Philly. This Philly office space for sale at 1200 Locust Street Philadelphia PA is being offered through Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philly commercial real estate listings and services.

This Philly office space for sale at 1200 Locust Street Philadelphia PA contains +/- 7,045 sf and this Philly office space for sale consists of one operating room along with multiple exam rooms and private offices as well as two reception areas. There also is an existing elevator shaft at this office space in Philly.

This Philly office building at 1200 Locust Street Philadelphia PA is available for sale through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services.

Nearly 77,000 people reside within a one-mile radius of this office space in Philly at 1200 Locust Street Philadelphia PA while the average household income in the same geographic area near this Philly office space for sale is $83,294.

For more information about the Philly office building containing this Philly office space for sale at 1200 Locust Street Philadelphia PA or about any other Philly commercial properties for sale, please contact Sean Kelly (856-630-5806; sean.kelly@wolfcre.com) or Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

Wolf Commercial Real Estate is the foremost Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of Philly commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

After 30 years in Chesterbrook, AmerisourceBergen opens new headquarters in Conshohocken

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 development that also includes a hotel and the conversion of an historic fire house into two restaurants. 

At its new headquarters, AmerisourceBergen (NYSE: ABC) consolidated the corporate offices it had at 1300 and 1400 Morris Road in Chesterbrook that totaled 190,000 square feet and space in Conshohocken, where it occupied 105,000 square feet in one of the Millennium buildings. 

For all of the consternation the pandemic cast over the future of the office, several Philadelphia-area companies tossed those worries aside and, like AmerisourceBergen, forged ahead with opening or planning new headquarters in recent months. 

For example, Myonex, a clinical trial supply company, completed a $20 million, 65,000-square-foot building in the Keith Valley Business Center and has room to expand; Hamilton Lane moved into its new headquarters in Seven Tower Bridge in Conshohocken though it was a floor smaller than originally planned; Morgan Lewis has a new headquarters under development in Center City; and Rite Aid Corp. announced it would relocate its headquarters into 23,500 square feet at the Philadelphia Navy Yard from Camp Hill. 

*Article courtesy of The Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Rite Aid Corp. to move HQ to Philadelphia Navy Yard

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 result of the pandemic. 

Rite Aid is moving to a “remote-first work approach for corporate associates, supported by a network of collaboration centers throughout the company’s geographic footprint,” the company said in a statement. “The reimagined workplace model focuses on flexibility for associates, while also creating an official headquarters space in Philadelphia designed specifically for in-person collaboration and company gatherings, rather than office spaces.”

The company has 2,800 corporate employees and a representative from Rite Aid said the number of people working out of the Philadelphia Navy Yard will fluctuate. The move will take place in the first half of 2022. 

“It’s a vibrant area and it’s an exciting place to be,” said Brad Ducey, a company spokesman. “It’s central and easy for employees, partners, clients.”

Rite Aid is No. 132 on the most recent Fortune 500 list. The company reported revenue last year of $24 billion.

*Article courtesy of The Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Fully Built-Out Philly Office Space for Sale in Center City

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 Philly is a fully built-out medical office building with one operating room, multiple private offices, multiple exam rooms, and two reception areas. Please call for information on the asking sale price for this Philly office building for sale at 1200 Locust Street Philadelphia PA.

A total of +/-7,045 square feet are available at this Philly office space for sale through Wolf Commercial Real Estate, a Philly commercial real estate broker.  This office space for sale in Philly at 1200 Locust Street Philadelphia PA is an income-producing property with an in-place tenant. Information about this Philly office building is available by request from Wolf Commercial Real Estate, the foremost Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services.

Located in the heart of Center City, this Philly office building for sale at 1200 Locust Street Philadelphia PA is steps away from the entrance to the 12th/13th and Locust stations of the PATCO High-Speed Line from New Jersey. There also is an existing elevator shaft at this Philly office building for sale.

There are nearly 77,000 residents living within one mile of this office space for sale in Philly at 1200 Locust Street Philadelphia PA and the average household income in that same radius of this Philly office building for sale is $83,294. This Philly office space for sale is available for immediate occupancy through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

For more information about this Philly office space for sale at 1200 Locust Street Philadelphia PA or about any other Philly commercial properties for sale or lease, please contact Sean Kelly (856-630-5806; sean.kelly@wolfcre.com) or Phil Costa (215-799-6195; phil.costa@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Philly commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

 

Historic Center City building housing the Philadelphia Inquirer comes up for sale

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. The state leases 222,844 square feet where it houses its department of general services.

In addition, the Division of Community Behavioral Health leases 142,459 square feet and three GSA tenants — Department of Health and Human Services, Housing and Urban Development and the Equal Employment Opportunity Commission — lease a combined 197,310 square feet. The Inquirer leases 89,485 square feet in a deal that runs through November 2024. 

*Article courtesy of The Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Highly Visible Philly Office Space for Lease in Havertown

500 E. Township Line Road, Haverford, PA

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 Philly office space for lease is being offered through Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philly commercial real estate listings and services.

This office space for lease in Philly at 500 East Township Line Road Haverford PA has availability consisting of +/- 12,000 sf. Roughly +/- 2,400 sf of this Philly office space for lease is being offered as a retail end cap. In addition, a drive-thru is available at this office space for lease in Philly.

This Philly office space for lease at 500 East Township Line Road Haverford PA is in a two-story building and this office space for lease in Philly is ideal for professional, retail, or medical users. There is excellent visibility to this Philly office space for lease from Township Line Road and this office space for lease in Philly is in a densely populated area

Close to retail and financial institutions as well as to restaurants and SEPTA mass-transit stations, this office space for lease in Philly at 500 East Township Line Road Haverford PA is just 10 miles from the Philadelphia International Airport and there is easy access to suck key local thoroughfares as Route 1, Route 30, Route 76, and Route 476 from this Philly office space for lease.

This Philly office space is available for lease through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm with expertise in Philly commercial real estate listings and services.

More than 607,000 people reside within a five-mile radius of this office space for lease in Philly while the average household income in the same geographic area near this Philly office space for lease is $72,878.

For more information about this office space for lease in Philly at 500 East Township Line Road Haverford PA or about any other Philly commercial properties for sale or lease, please contact Bethany Brown (856-857-6396; bethany.brown@wolfcre.com) or Todd Monahan (215-799-6145; todd.monahan@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Philly commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

Two-Story Philly Office Building for Sale or Lease in Havertown

500 E. Township Line Road, Haverford, 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 or lease in a two-story building at 500 East Township Line Road Havertown PA.

This office space in Philly is ideal for professional, retail, or medical users and interested parties are asked to call for both the sale price and the lease price for this office space in Philly at 500 East Township Line Road Havertown PA. For additional details about this office space in Philly, please contact Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.

There is both excellent visibility and ample signage at this Philly office space for sale or lease at 500 East Township Line Road Havertown PA. In addition, this office space in Philly offers easy access to Route 1, Route 476, Route 30, and Route 76, and it is only 10 miles to Philadelphia International Airport from this office space in Philly.

This Philly office space for sale or lease at 500 East Township Line Road Havertown PA is available through Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services.

Nearly 608,000 potential customers live within a five-mile radius of this Philly office space for sale or lease at 500 East Township Line Road Havertown PA through Wolf Commercial Real Estate, a Philly commercial real estate broker that specializes in Philly commercial real estate listings and services.  The average household income in the same five-mile radius of this Philly office space for sale or lease is $72,878.

For more information about this Philly office space for sale or lease at 500 East Township Line Road Havertown PA about any other Philly commercial properties for sale or lease, please contact Bethany Brown (856-857-6396; bethany.brown@wolfcre.com) or Todd Monahan (215-799-6145; todd.monahan@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philly commercial real estate broker that provides a full range of Philly commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings, and other Philly commercial properties for buyers, tenants, investors, and sellers. Please visit our websites for a full listing of Philly commercial properties for sale or lease through our Philly commercial real estate brokerage firm.

 

 

More Center City Office Landlords are Seeking Refuge in Lab Space Conversions

The owner of a 120,000-square-foot office building on Chestnut Street is willing to spend more than $40 million to convert it into lab space in a play to attract life sciences companies and fill its pending vacant space.

Rebranded as 2323 Chestnut St., Miller Investment Management is marketing the building long known as 2301 Chestnut St. for redevelopment into lab and related manufacturing space. Its plans entail retrofitting existing space into labs and extending the structure by two stories, adding another roughly 44,000 square feet to it.

Longtime tenant Jacobs Engineering, which has occupied the building in one iteration or another for the last two decades, is expected to leave in January 2022 when its lease expires, leaving Miller with few options to backfill it. In a market where demand for office space continues to decline, landlords are scrambling to find ways to fill empty space and making a play for life sciences tenants has become the most popular pivot.

The building at 2323 Chestnut joins a growing list of buildings in Center City looking at this option. So far, eight buildings with a total of more than 1.7 million square feet are being repositioned to attract life sciences companies.

*Article courtesy of The Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

TODD MONAHAN JOINS WCRE AS EXECUTIVE VICE PRESIDENT & MANAGING DIRECTOR TO LEAD PA & NJ GROWTH

Wolf Commercial Real Estate (WCRE) proudly announces the hiring of Todd Monahan to lead the firm’s growth in the Pennsylvania & New Jersey markets.

As Executive Vice President & Managing Director, Monahan will leverage his extensive industry experience to develop and implement effective growth strategies as WCRE approaches its tenth anniversary.

Monahan’s new role comes amid WCRE’s continuing expansion in the region, adding numerous brokers and increasing its activity in southeastern Pennsylvania. “Todd’s guidance will play a key role in managing our growth and recruiting new talent, especially as our CORFAC International alliance continues to open up new business opportunities,” Wolf added. Over the course of nearly 30 years in real estate, Monahan has represented both owners and occupiers and worked directly for several REITs and Private Equity ownership firms. He brings a unique perspective as he has developed strategies and completed transactions from all sides.

His most recent position was with Keystone Property Group. Prior to that, he served as Senior Vice President at Jones Lang LaSalle (JLL) where his team leased 1650 Arch, 3 Parkway and the Public Ledger Building. He also represented numerous corporate entities, law firms, and non-profit organizations in a variety of real estate transactions. Prior to JLL, Monahan served as a Vice President of Acquisitions at Patriot Equities, Director of Leasing at Equity Office Properties (EOP) where he leased 1601 and 1700 Market Street. Earlier in his career he was a Vice President at Grubb & Ellis Company.

Monahan graduated from University of Richmond’s Claiborne Robbins School of Business with a Bachelor of Science in Business Administration, with concentrations in finance and marketing.

About WCRE

WCRE is a full-service commercial real estate brokerage and advisory firm specializing in office, retail, medical, industrial and investment properties in Southern New Jersey and the Philadelphia region. We provide a complete range of real estate services to commercial property owners, companies, banks, commercial loan servicers, and investors seeking the highest quality of service, proven expertise, and a total commitment to client-focused relationships. Through our intensive focus on our clients’ business goals, our commitment to the community, and our highly personal approach to client service, WCRE is creating a new culture and a higher standard. We go well beyond helping with property transactions and serve as a strategic partner invested in your long term growth and success.

Learn more about WCRE online at www.wolfcre.com, on Twitter & Instagram @WCRE1, and on Facebook at Wolf Commercial Real Estate, LLC. Visit our blog pages at www.southjerseyofficespace.com.

QVC parent company sells West Chester building for $17.5M

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., bought the five parcels that comprise the property at 1365 Enterprise Drive, according to Chester County real estate records. The property includes a 256,500-square-foot office building and related parking. CTDI is located next door at 1373 Enterprise Drive.

A representative from CTDI couldn’t be reached for comment.

Qurate will continue to own and operate from Studio Park, which is the company’s global headquarters located at 1200 Wilson Drive in West Chester, according to a Qurate spokeswoman. The 720,000-square-foot property is home to its corporate offices, as well as QVC’s U.S.-based broadcast studios.

The decision to sell 1365 Enterprise, which QVC refers to as its Founder’s Park building, came after the company concluded it will continue to integrate virtual work within its operations and all of its West Chester operations would be folded into the Studio Park building, the Qurate spokeswoman said.

The company does not disclose employee headcount by location but confirmed the sale will not result in a reduction in headcount.

Qurate joins other companies that are re-evaluating their office space needs as a result of permanently adopting work-from-home arrangements after employees moved to remote work during the pandemic. Some companies have been trying to sublease excess space, and others that own their buildings are seeking to sell properties they have determined they no longer need. Pfizer Inc. is among the most prominent to fall into that category. The pharmaceutical company recently put its 340-acre Collegeville campus up for sale.

*Article courtesy of The Philadelphia Business Journal

For more information about Philadelphia office space for sale or lease in Philadelphia or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.