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 »
Posts Tagged: Philadelphia commercial real estate brokerage firm
Amicus Therapeutics Signs Large Office Lease at New Facility in Philadelphia
Biotech Company Plans to Hire 200 Employees at uCity Square Global biotechnology company Amicus Therapeutics signed a 75,000-square-foot lease at University City Science Center’s Class A office building in downtown Philadelphia. The uCity Square facility at 3675 Market St. will serve as Amicus Therapeutics’ (Nasdaq: FOLD) global research and gene therapy of excellence location, where the company… 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 »
Ballinger Renews Lease in Downtown Philadelphia
Local Architecture Firm Signs Large Office Lease Local architecture firm Ballinger renewed its 78,951-square-foot lease at HCP’s Class A office building in Philadelphia. The 708,361-square-foot building at 833 Chestnut St. was built in 1926 and renovated in 2006. The 14-story, 4-Star property spans 1.6 acres across from the 8th and Market Street train station. Hether Smith with… Read more »
Comcast Spectacor, Cordish Cos. Reveal Plans for $80M Office Tower at Philadelphia Sports Complex
Construction on New Pattison Place Office Project Expected to Begin After Reaching Certain Level of Leasing Commitments Rendering of the planned 200,000-square-foot Pattison Place office tower in Philadelphia. Image: The Cordish Cos. Comcast Spectacor and The Cordish Companies revealed details for Pattison Place, an $80 million office tower planned for a site adjacent to the firms’ Xfinity Live!project… 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
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 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 »
A Closer Look at Center City Philadelphia’s Tightest Office Micro Markets
Most Philadelphia office space brokers and investors consider Market Street West – the portion of Market Street running from City Hall to 21st Street – as Center City’s premier office district, and with good reason. Public transit access is exceptional along that corridor, which is home to more than 12 million square feet of Philly… Read more »
