Friday, December 17, 2010

Comcast inks new lease

"Comcast Corp. has signed a 10-year lease for 90,000 square feet over four floors at Centre Square.

The company is renovating the entire space in the building at 15th and Market streets. The arrangement gives it some room for future expansion over a few floors.

Comcast had already been in a portion of the Centre Square space. It was subleasing three floors totaling about 68,000 square feet from PNC Bank but only using a small portion of it. That sublease was scheduled to expire in May but instead of letting it come to an end, Comcast decided to sign a new deal directly with the landlord, HRPT Properties Trust, according to sources familiar with the transaction. In addition, the cable company took an additional 22,000 square feet."

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