Wednesday, February 13, 2019

Six New Leases Signed in Spring Arts of 22K SF Worth More Than $3M

by Steve Lubetkin,
Six lease agreements totaling 22,113 square feet of office space in two buildings situated within the Spring Arts Neighborhood were recently arranged. The space contracts have a combined aggregate rental of $3.2 million and were arranged for the building owners.

In the largest of the agreements, Ameribest expanded its existing offices with the lease of another 6,924 square feet on the second floor of 990 Spring Garden. With that expansion planned for the third quarter of this year Ameribest will occupy 17,330 square feet in the structure.

Elfant Wissahickon is moving into 5,534 square feet on the seventh floor of 990 Spring Garden Street when it opens a new office there in the fall.

Joining the firm on the seventh floor this summer is the National Clearinghouse for the Defense of Battered Women which has leased 3,172 square feet. National Clearinghouse is presently located at The Sheridan Building in Philadelphia.

Moving to some 3,000 square feet on the fourth floor is Creative Characters. Creative Characters is now located at The Sheridan Building and will move to 990 Spring Garden in the weeks ahead as soon as interior renovations are completed.

Independent Vets is moving to 2,000 square feet on the fourth floor. SA 990 Spring Garden is the private investment partnership that owns the building. Independent Vets is presently located on S. 20th Street  and is scheduled to relocate to 990 Spring Garden Street by May 1.

At 448 N. 10th Street, Hightop Washington is expanding its offices with the lease of an additional 1,483 square feet on the third floor in an agreement.

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