Wednesday, April 22, 2015

Presbyterian Pensions Board Renews Lease at 2000 Market

by Steve Lubetkin,
Rosemont Realty has renewed its lease with The Board of Pensions of the Presbyterian Church (USA) at 2000 Market Street, where the Board has been headquartered since 1996.

The 12-year, 76,998 square-foot lease renewal represents the third lease executed at 2000 Market Street in March. The three leases total 114,166 square feet, and include a 20,657 square foot lease by Aetna and 16,511 square feet secured by Shechtman Marks Devor PC.

“We’re honored that The Board of Pensions has renewed the lease for its headquarters at 2000 Market,” says Tina Renee McCall, senior vice president of asset management of Rosemont’s East region. “The building’s prominent location at the top of Market Street coupled with the class A office environment factored into their decision to renew.”

“We were pleased with Rosemont’s willingness to work with us to make it feasible for us to remain in this great location,” says Frank Spencer, president of The Board of Pensions.

2000 Market is a 29-story, 665,649 square foot class A office building located in the Market West submarket of Philadelphia’s Central Business District. The building is now 97 percent leased and its tenant roster includes Fox Rothschild LLP, Marshall Dennehey, and Zurich Insurance Group, Ltd., among others.

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