Tuesday, March 10, 2015

Select Top Three Philadelphia Office Leases Signed in Q4 2014

The select top office lease signed during the fourth quarter of 2014 in the Philadelphia market was at Gateway Office Campus - Bldg 4 in the North Camden County submarket. Subaru of America leased 250,000 square feet there.

Brandywine Realty Trust represented the landlord in a 62,880-square-foot lease at Two Logan Square in the Market Street West submarket.

Thomas Jefferson University Hospital leased 43,369 square feet at 833 Chestnut East in the Market Street East submarket.

In the second quarter, Comcast Corporation signed a 982,275-square-foot lease at Comcast Innovation & Technology Center in the Market Street West submarket.

This trend is compared to the U.S. National Office select largest new lease signings occurring in Q4 2014, which include the 1.89 million-square-foot deal signed by Google, Inc. in the South Bay / San Jose market; Amazon's 422,682-square-foot office lease in New York City; ServiceNow, Inc. taking 310,346 square feet in the South Bay / San Jose market; MITRE's lease of 270,000 square feet in the Washington market; and Subaru of America's fourth-quarter deal totaling 250,000 square feet in Philadelphia.

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