Wednesday, August 3, 2016

GSA Inks 95,000 SF in Leases at 801 Market St

The GSA (WPERC) signed two leases totaling 94,704 square feet at 801 Market St. in Philadelphia, PA.

Health and Human Services (HHS) will occupy the eighth and ninth floors when it relocates from the Public Ledger Building in June 2018 on a 10-year deal valued at roughly $23 million.

The historic former Strawbridge & Clothier department store building totals 942,610 square feet of retail and office space on 2.1 acres in the Market Street East submarket of Philadelphia County. The building features a helipad, large patios, separate marble lobby with directory signage and ten elevators for office users, 12- to 15-foot ceilings, and ornate architectural accents throughout.

The lease marks a huge return to city and the space for the federal government. The space will be fully renovated for HHS, and brings the building's office component to 70 percent leased.

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