CRE Deal Tracker

by Steve Lubetkin, Globest.com
In this deal-tracker roundup, a law firm and two nonprofits expanded their office space, and an upscale Italian restaurant cooked up a plan to move into a new King of Prussia location.

Leasing

PHILADELPHIA—Three lease agreements for approximately 9,432 square feet went off in Center City office space with a combined aggregate rental of $1.23 million. O’Brien Rulis Bochicchio leased of about 5,182 square feet on the 15th floor of 1515 Market Street for the expansion of its offices in the 20-story, 500,000 square foot building.  The building owner is BRI1866 1515 Market. At 1211 Chestnut Street, the Philadelphia Center on Alcoholism leased 2,250 square feet that relocates the PCA from 1501 Cherry Street. The building owner is 1211 Chestnut Realty Corporation.  The Peggy Browning Fund, which is moving to 2,000 square feet on the 12th floor of the Land Title Building, 100 South Broad Street, from approximately 1,000 square feet the Fund currently occupies at 1528 Walnut Street. The building owner is LTD Limited Partnership.

KING OF PRUSSIA, PA—Davio’s Northern Italian Steakhouse is leasing a new 9,000 square foot restaurant at The King of Prussia Town Center, a new 400,000 square foot retail and dining destination in King of Prussia, PA. With locations in Philadelphia, Boston, New York City, and Atlanta, Davio’s will join other signature restaurants at the center, including Fogo De Chao, Paladar Latin Kitchen, Old Town Pour House and Honeygrow. All of these restaurants are slated to open in the third quarter of 2016.

www.omegare.com