PHILADELPHIA, PA–The Supreme Court of Pennsylvania and outplacement firm Lee Hecht Harrison are new occupants of leased space at APF Properties' 1601 Market Street. The LEED-certified class A office property in Center City Philadelphia features a recently completed retail/office development on the first and second floors, improving the streetscape on its block.
The Disciplinary Board of the Supreme Court of Pennsylvania leased 10,390 square feet on the building's 33rd floor for a 12-year term, and will relocate from its current space at 1635 Market Street. Executive placement firm Lee Hecht Harrison LLC leased 2,590 square feet of office space on the 24th floor of 1601 Market Street, for a term of more than 5 years. Lee Hecht Harrison will be relocating from 2000 Market Street.
“We are experiencing a significant increase in leasing activity at 1601 Market Street since completing renovations that enhance the building's visual appeal as well as its connection to the street level,” says Berndt Perl, principal of APF Properties. “Downtown Philadelphia is becoming one of the most exciting central business districts in the US. We're pleased that office tenants continue to be drawn to the neighborhood by the positive trends in motion here, and to our building by the combination of high visibility and quality class A space we're offering.”
Tom Weitzel, David Healy and Patrick Grenko of JLL represented APF in lease negotiations, with Erik Williams of Saul Ewing LLP providing legal representation. Carl Gersbach and Nicholas Gersbach of CBRE represented the Disciplinary Board. Tom McLaughlin of Mohr Partners represented Lee Hecht Harrison.
APF Properties recently invested $9 million to renovate and reposition the lower floors of 1601 Market Street, improving the building's connection to the street level and enhancing its overall visibility and prominence. During the last 12 months, APF has leased more than 100,000 square feet of space, including 7,000 square feet of ground floor retail space to Republic First Bank and TD Ameritrade and 12,000 square feet of second-floor office/retail space with prominent corner signage to Philadelphia Convention & Visitors Bureau. Limited retail space remains available at 1601 Market Street, including a 3,400-square-foot, two-level availability that is ideally suited for a major res
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