Comcast Subleases 52,000 SF at 2000 Market St.

PHILADELPHIA-Comcast Corp., which requires interim additional space until Comcast Center reaches completion in 2007, subleases 52,000 sf, the 19th and 20th floor of 2000 Market St. from Arkema Inc. The global supplier of vinyl products and industrial chemicals, is consolidating into approximately 250,000 sf in 29-story building, Adriano Calvanese, an associate in the local office of CB Richard Ellis, tells GlobeSt.com.

Calvanese, George Cauffman, SVP, and Mitch Marcus, VP in the CBRE office, represented Arkema. David Fahey of Binswanger’s local office represented Comcast. Terms of the sublease are undisclosed.

The average asking rental rate in Center City class A office properties is $24.94 per sf, according to a second-quarter report from the local office of Grubb & Ellis. On condition of anonymity, a Downtown office broker tells GlobeSt.com that this sublease would likely command “less than the approximately $21-per-sf asking rate on a new lease.”