PHILADELPHIA-The US General Services Administration has inked a 15-year, 53,435 square-foot lease to house the US Citizenship and Immigration Services at 2.0 University Place for $26 million, says Grubb & Ellis, who represented University Place Associates, LLC on the deal. The five-story, mixed-use LEED Platinum-certified building is located at 30 N. 41st St. in the city’s burgeoning Keystone Opportunity Zone.
Grubb & Ellis’ senior vice president Jack Soloff says that the GSA was able to exceed the current administration’s LEED Gold standard for leasing new construction. The 94,350-square-foot office building features green elements such as a rooftop garden, solar and wind power and energy efficient heating and cooling systems.
“In today’s environment, green office buildings offer tenants a number of advantages, including cost efficiencies as well as a cleaner, healthier, more-productive work atmosphere,” Soloff says, in a statement. Senior vice president Craig Scheuerle and associate vice president Matthew Guerrieri also represented University Place Associates, while Todd Valentine, managing director of Studley, Inc., represented GSA.
The building is located within one block from the El at 40th and Market streets, which connects commuters to the 30th Street subway station. Scott Mazo, a partner at University Place Associates, says the GSA lease adds to the continuing revitalization of Philly’s Market Street corridor. “In addition to providing tenants a sustainable work environment, 2.0 University Place will have a significant impact on the neighborhood,” he says, in a statement.
The Citizens and Immigration Services is currently located at 1600 Callowhill St. and is expected to take occupancy of the first three floors of the building in December 2012.
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