Wednesday, July 30, 2014

Comcast scouring office market for more space

by Natalie Kostelni, Staff writer for the Philadelphia Business Journal

Comcast Corp., continuing to grow, is out in the Center City office market looking for some extra space.
The cable company is seeking 65,000 to 75,000 square feet off additional space, according to people familiar with the matter. The company also wants the ability to expand if it needs to and that means just a few downtown office buildings can accommodate that arrangement. The short list of properties that could handle that assignment include 11 Penn Center, 10 Penn Center, Centre Square and Two Logan Square.
What’s more is it wants the space soon ­— beginning in October. Comcast would like to lease the space until the end of 2018 when its new Comcast Innovation & Technology Center is scheduled to be completed. The space need isn’t related to the proposed merger between Time Warner but growth the company is experiencing, said people with knowledge of the situation.

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