Friday, February 10, 2017

Vanguard to Lease Space in Downtown Philadelphia

Natalie Kostelni Reporter Philadelphia Business Journal

Vanguard will open a satellite office in 2300 Chestnut St. in Philadelphia.

Vanguard Group has leased 16,000 square feet at 2300 Chestnut St. for a Center City satellite office that it is calling an “innovation center.”

The mutual fund company, which will maintain its vast headquarters in Malvern, Pennsylvania, will occupy two floors at the building and start out with 20 employees in the space.

Vanguard expects to eventually have 100 people working from 2300 Chestnut and even have “external partners” co-locate in the building with it. It expects to occupy the space during the second quarter.

Known as the Philadelphia Design Building, the 100,000-square-foot historic structure has been marketed as creative office space. Among its tenants are Saxbys Coffee, which has its headquarters in the building, Lauletta Birnbaum, a New Jersey law firm that has a satellite office, as well as Running Press.
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