25,000 SF of Leasing Activity Brings Occupancy of South Broad Office Tower to 96%

"230 South Broad Street, a 22-story historic office tower prominently located in the heart of Philadelphia s Avenue of the Arts, has recently experienced a flurry of leasing activity resulting in a 96% occupancy rate. The four renewals, including one expansion, and five new tenants, including a café on the ground floor, total 24,614 SF.

* PNC Bank has signed a long term lease renewal for its ground floor bank branch, (on the corner of Broad & Locust Streets), and office suite consisting of 2,878 SF.

* Philadelphia Futures, a nonprofit organization that prepares students from low-income families to enter and succeed in college, has renewed its 4,250 SF lease.

* In another renewal, Pasquarella, Kunnel & Pomo, PKP, a personal injury law firm, decided to remain in its 4,128 SF, 19th floor suite.

* In the building s newest renewal/expansion, Perspective Consulting is now leasing 2,179 SF.

* Tuscany Café has opened its third Center City location in a ground floor suite of 230 South Broad, adding a great amenity to the building.

* ABM Industries Incorporated, one of the largest facilities services contractors in the United States, has signed a new lease for 2,743 SF in a relocation from 1528 Walnut Street.

* The Law Firm of Todd M. Berk, Esq. has entered into a new long term lease, taking 3,701 SF in a relocation from 1429 Walnut Street.

* Philadelphia International Records, led by Kenny Gamble and Leon Huff, the legendary producers of Sound of Philadelphia, were forced to leave its 309 South Broad Street home of over 40 years due to a fire and has leased 2,682 square foot lease in the building.

* In another new lease, DelCasale Inc., a court reporting company, has signed for 1,815 square feet.

230 South Broad Street is a 215,000 SF, 22-story office building located on the Northwest corner of Broad and Locust Streets. The historic building is at the center of the Avenue of the Arts, offering fabulous views looking South and East over the Academy of Music. The building features direct access to The Bellevue parking garage and Sporting Club, and contains a PNC Bank Branch, the upscale seafood restaurant, Estia, and the recently opened Tuscany Café on the ground floor."