Monday, June 12, 2017

Select Top Philadelphia Office Leases Signed in Q1 2017

The select top office lease signed during the first quarter of 2017 in the Philadelphia market was at 785 Arbor Way in the Plymouth Meeting / Blue Bell submarket. Cotiviti leased 86,621 square feet there.

The landlord at 1100 Virginia Dr. in the Ft. Washington submarket signed 76,475-square-foot lease .

Centene leased 68,846 square feet at 300 Corporate Center Dr. in the Harrisburg Area West submarket.

The GSA signed a 38,644-square-foot lease at 1601 Market Street in the Market Street West submarket.

Phillips & Cohen Associates renewed its lease for 34,000 square feet at 1000 Justison St. in the South New Castle County submarket.

This trend is compared to the U.S. National Office select largest lease signings occurring in Q1 2017, which include the 550,750-square-foot lease signed by Oracle at 2300 Cloud Way in the Austin, TX market, the 473,000-square-foot deal signed by the Federal Communications Commission at Sentinel Square III in the Washington DC market and the 395,279-square-foot lease signed by RBC Capital Markets at 200 Vesey St in the New York City market.

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