PHILADELPHIA, PA—Rubenstein Partners has signed tenants to three new leases totaling 36,738 square feet at One Washington Square, an 850,000 square-foot class A property located in the heart of the historic section of Center City.

"It's gratifying to see that our vision to enhance One Washington Square and reintroduce the property to the Philadelphia market is paying off," says Craig Zolot of Rubenstein Partners. "These three new transactions, along with the current high level of leasing interest in the building, confirm the market's recognition of the property's desirability and our completed capital upgrades – as well as the increasing vibrancy of the Independence Mall submarket. We believe there is major momentum in this area and we are confident that One Washington Square will be able to capitalize on it."

The leases include:

  • A 20,443 square-foot relocation, expansion and extension for Berkshire Hathaway HomeServices Fox & Roach, the largest realtor in the tristate area of Pennsylvania, New Jersey and Delaware. This transaction represents a long-term commitment by the company to remain and grow at One Washington Square.
  • A 12,605 square-foot new lease for The Foundation for Individual Rights in Education, a non-profit group that focuses on free speech and other individual rights at America's colleges and universities.
  • A 3,690 square-foot new lease for engineering firm AKRF, representing an expansion for the New York City based company into Philadelphia.

Affiliates of Rubenstein acquired the property in late 2013 and launched a rebranding campaign, in addition to a significant capital investment, focused on modernizing the building's systems and upgrading the lobbies and other common areas.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].