Friday, April 10, 2015

Two Center City Leases Worth $3.3 Million Get Locked Up

University of the Arts renewing University of the Arts’ lease for approximately 11,461 square feet on the 18th floor of the building in 1608 Walnut Street. The University established its offices at 1608 Walnut Street in 2005 and the renewal will continue that presence to the middle of the next decade. The aggregate value of the lease extension was approximately $2.5 million.

Bayada Home Health Care relocated from 24th and Walnut to 21st and Arch Streets. Bayada leased 7,850 square feet on the 4th floor of 2133 Arch Street to provide for the expansion and relocation of Bayada’s offices presently at 2401 Walnut Street in Philadelphia.  That move is scheduled for August of this year. The multi-year lease that has an aggregate rental exceeding $776,700.

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