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DA Leases 176,114SF in Widener Landmark

PHILADELPHIA-By creating a building within the building, the district attorney's office expands, gets a private entrance and moves to within steps of City Hall.

By Marita Thomas | Updated on November 01, 2006

PHILADELPHIA-The City of Philadelphia’s District Attorney’s office has signed a lease for 176,114 sf in the Widener Building at One South Penn Square. It will relocate from its current quarters at 1421 Arch St.

The term is for 15 years, according to Ken Zirk, senior vice president in the local office of Trammell Crow Co. He declined to disclose the aggregate value of the lease, but tells GlobeSt.com the asking rent rate in the 433,000-sf landmark property is $20 per sf, plus electric. This lease takes occupancy to 84%.

Zirk and TCC’s Bill Luff, senior vice president, and Drew McGowan, vice president, represented the City in the search and lease negotiations. Josh Sloan of the local office of Jones Lang LaSalle represented the building owner, the New York City-based Leser Group.

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