Posts Tagged: Philly commercial real estate

Philadelphia’s Unemployment Rate Falls to 30-Year Low

CoStar Market Insights: Tight Labor Market Favors Apartment Rent Growth, but Limits Office Tenant Expansions After another month of job growth, Philadelphia’s economy has reached an important milestone. The metro area’s unemployment rate fell to 3.1% in May, the lowest level of unemployment recorded in Philadelphia since the Bureau of Labor Statistics (BLS) began publishing… Read more »

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 »

Industrious Expands Philadelphia Footprint

Flexible Workspace Provider Signs Office Lease at Two Liberty Place Flexible workspace provider Industrious signed a 55,000-square-foot lease at the Two Liberty Place office tower in Philadelphia. Joyce Oh, Mid-Atlantic area manager of Industrious, said in a statement, “Industrious first entered Philadelphia in 2015 and we have continued to witness strong demand for our product…. 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 »

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 »