Saturday, August 31, 2013

Select Top Five Philadelphia Office Leases Signed in Q2 2013

The select top office lease signed during the second quarter of 2013 in the Philadelphia market was at 1818 Beneficial Bank Place in the Market Street West submarket. Beneficial Mutual Bancorp, Inc. leased 95,764 square feet there.  

Public Health Management Corporation leased 89,072 square feet at Centre Square - East Tower in the Market Street West submarket. 

Brandywine Realty Trust represented the landlord in a 59,353-square-foot office lease at First Avenue 1040 in the King of Prussia / Wayne submarket. 

McKesson Health Solutions leased 56,099 square feet at Valley Forge Square 1 in the King of Prussia / Wayne submarket.  

A 54,529-square-foot lease was inked at The Applie Center in Delaware County. 

This trend is compared to the U.S. National Office largest lease signings occurring in Q2 2013, which include the 551,454-square-foot renewal deal signed by the Department of Defense at the Zachary Taylor Bldg in the Washington DC market; the 546,604-square-foot lease signed by Conoco Phillips at Energy Center Three in the Houston market; the Transportation Security Administration's 545,747-square-foot renewal deal at Pentagon City in the Washington DC market; and the 522,862-square-foot renewal deal signed by Simpson Thacher & Bartlett LLP at 425 Lexington Ave. in the New York City market.

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