Parente, which also had offices at 1818 JFK Blvd., began occupying a 50,000-sf space on two floors at One Liberty last week. A spokeswoman for Parente tells GlobeSt.com the Parente and Curtis occupancies constitute a single lease, rather than separate transactions for Parente and its subsidiary. Kathie Carr and Mitch Marcus of CB Richard Ellis' Philadelphia office negotiated for Parente, while the building's owners, Philadelphia Liberty Property LP, were represented by a Cushman & Wakefield of PA team. The lease took effect on June 1, says the Parente spokeswoman.

Parente's new neighbors at One Liberty include Cigna Corp., which is headquartered there, and Smith Barney, a tenant since the 945-foot tower opened in 1987. Founded in Wilkes-Barre, PA in 1970, Parente has been headquartered in Philadelphia since 2004. It added 34 employees in 2006 and 50 more in 2007. Currently, Parente has more than 500 employees and operates offices throughout Pennsylvania as well as in Cherry Hill, NJ and Dallas, according to the company's website.

According to a release, amenities in the newly designed space include an intercommunicating stair with open risers, MechoShade motorized dual shades providing blackout for AV presentations and pre-programmed sun screening, a BIO-key fingerprint biometrics security system and vetted work stations with an ergonomic "cockpit" design. Parente has also designed the new space with green principles in mind, and has reused 100% of the existing wood millwork, set aside fewer file rooms as the firm works towards a paperless office, incorporated fingerprint entry to eliminate keys or cards, replaced dark smoked glass with clear frosted glass to bring in natural light and installed timers for lighting to conserve energy whenever possible, according to the release.

"In making the move to class A office space, we are being more environmentally conscious while providing more amenities and a more comfortable atmosphere for both staff and clients," says Jeffrey Ferro, COO of Parente Randolph, in a prepared statement. "Having outgrown our previous offices, One Liberty Place has provided the platform for our continued growth in a style and central location that will serve us for years to come."

Leasing agent William Hirschfield of Cushman & Wakefield tells GlobeSt.com that asking rents at One Liberty are $35 per sf plus electric, and adds that the building is currently 95% occupied.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.