Monday, March 3, 2014

Top Five Philadelphia Office Leases Signed in Q4 2013

The select top office lease signed during the fourth quarter of 2013 in the Philadelphia market was at 1801 Augustine Cut-Off in the North New Castle County submarket. Capano Management represented the landlord in a 190,823-square-foot office deal signed there. 

Exeter Property Group represented the landlord in a 70,110-square-foot office lease signed in the Conshohocken Ridge Corporate Center in the Conshohocken submarket. 

CSC renewed its 36,616-square-foot lease at 8000 Lincoln Dr. E in the South Burlington County submarket. Tequesta Properties, Inc. represented the landlord. 

The District 1199C Training & Upgrading Fund renewed its lease for 31,307 square feet at the Land Title Bldg in the Market Street West submarket. 

In the third quarter, Pepper Hamilton LLP renewed its 230,560-square-foot lease at Two Logan Square in the Market Street West submarket. Brandywine Realty Trust represented the landlord.

This trend is compared to the U.S. National Office select largest new lease signings occurring in Q4 2013, which include the 515,457-square-foot deal signed by GroupM Worldwide at 3 World Trade Center in the New York City market; CME Group, Inc.'s 449,000-square-foot office lease at the World Finance Center - NYMEX building; Valean Pharmaceuticals International, Inc. taking 310,000 square feet in the Northern New Jersey market; Cogo, Inc.'s lease of 234,484 square feet and Zebra Technologies Corp. leasing 233,286 square feet, both in the Chicago market.

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