Monday, May 17, 2010

Schaff & Young moving to Avenue of the Arts

"Schaff & Young, a workers’ compensation and insurance defense law firm, is relocating to the Avenue of the Arts from Arch Street. It’s an example of how tenants do migrate back to the South Broad office submarket, and eventually will buoy its occupancy.

Schaff & Young has spent the last five years in 3,652 square feet at 2133 Arch St. The firm started with three attorneys and a secretary and now has nine attorneys, three secretaries and a paralegal.

Center City was its oyster. It first started its search in the east, looking at space in Old City. Then it opened up to Walnut Street and Broad.

“We found there were a lot of choices,” Mike Schaff said. “It didn’t matter much for us where we ended up because we don’t have to be in the court or City Hall.”

It honed in on South Broad and decided to take 6,389 square feet at the PNB Building at One South Broad in a seven-year deal.

“It was really nice space,” Schaff said. “It was within our budget and kind of surprisingly so.”

Read more: Philadelphia Business Journal: Schaff & Young moving to Avenue of the Arts

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