Monday, December 8, 2014

Stradley Ronon Renews at One Commerce Square

by Natalie Kostelni, Staff writer for the Philadelphia Business Journal

Stradley Ronon, a Philadelphia law firm, has decided to remain in One Commerce Square where it has been since 1988.
The firm leased 92,000 square feet of space that covers four floors in the building at 2005 Market St. in Center City. It will undertake a major renovation of the space and has retained Gensler to lead that effort.

The firm shaved some square feet off of its current space. It is now in about 100,000 square feet. The firm started its search early even though its lease at One Commerce didn't expire until 2017.
Joe McManus and Morgan Murray of CBRE Inc. were the brokers who represented the law firm. Brandywine Realty Trust is the landlord.

"We conducted a thorough assessment of the Center City real estate market and decided to remain in Commerce Square because of its convenient location for employees and clients, top-notch amenities and Brandywine's substantial capital investment in the Commerce Square project," said Stradley Ronon Chairman William R. Sasso in a statement. "Our redesign project takes into account the significant role of technology and collaboration in today's workplace, and will provide us with a modern, efficient space for our lawyers, staff and clients."
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