Thursday, July 7, 2016

In A Flurry Of Deals in the Philadelphia Region Space Worth $3.4 Million

by Steve Lubetin,

At 718 Arch Street, The Cast Iron Building, the owner of the building, AMC Delancey Group in leasing more than 4,000 square feet. WFGD, a regional marketing and branding company, leased nearly 2,000 square feet for its new headquarters, which it will occupy in September 2016. Frontier BPM, a software company moving into the city from Blue Bell, PA, leased 2,000 SF.

At the Gateway Business Center, 3751 Island Avenue two new lease transacted.. XTL, a regional logistic company, leased 1,500 square feet. In the second transaction, CMC Engineering leased 1,000 square feet and will occupy the space August 1.

At 198 Allendale Road Cunningham Piano Company leased nearly 6,000 square feet. The retail location will be used to sell various types of pianos. The long term lease is valued at more than $2 million.

Console Law Offices leased for 3,000 square feet at 210 Marter Avenue in Moorestown, NJ, about 15 miles from Philadelphia. Financial terms of the lease were not released.

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