Bohlin Cywinski Jackson Architecture Leasing at East Market
PHILADELPHIA—With this announcement, East Market's 34 South 11th Street building is nearly 50% leased.
By
Steve Lubetkin |
stevelubetkin |
|
Updated on July 14, 2016
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
PHILADELPHIA— Award-winning national architecture firm Bohlin Cywinski Jackson will lease 18,525 square feet of space at 34 South 11th Street in the East Market development being rolled out by National Real Estate Development and SSH Real Estate.BCJ’s nationally renowned work includes the Liberty Bell Center on Independence Mall and US flagship stores for Apple – such as the New York City Fifth Avenue cube. “Having already welcomed Design Within Reach and The Design Center to East Market , the addition of Bohlin Cywinski Jackson further establishes this project as a long awaited design hub in the heart of Philadelphia,” says Daniel Killinger , managing director of development for National Real Estate Development . “The vision for this building was to make a place where Philadelphia’s most creative companies would be drawn to the open loft-like space. We’re thrilled that BCJ is going to be designing their next generation of award-winning buildings from their new home at East Market .” “ Bohlin Cywinski Jackson’s decision to move East of Broad Street underscores the revitalization and renewed interest in this section of the city,” says Peter Soens , a partner at SSH Real Estate , which serves as office leasing broker for the building. “In particular, the vibrancy of the East Market neighborhood, its convenient access to transportation and the premier creative office building in Center City brings a new and highly desired experience for Philadelphia companies and employees.” BCJ will move its current Philadelphia office from 123 South Broad Street to 18,525 square feet of space located on the sixth floor of 34 South 11th Street , which will be customized to BCJ’s individual needs and styled in an open office concept with a modern, warehouse feel. “Design is key to us as architects, and we were excited to have found this unique opportunity at East Market,” says Tom Kirk from Bohlin Cywinski Jackson . “The open, industrial concept at East Market is something that matches our own design tendencies – and it’s something that we would otherwise need to go beyond Center City to find. With this prime location, extraordinary daylight, and exposed structure, we are excited to move into the new space in a neighborhood that offers so much more than a place to work.” With this announcement, East Market’s 34 South 11th Street building is nearly 50% leased. Bohlin Cywinski Jackson joins MOM’s Organic Market , set to open on the ground floor this fall, as well as Philadelphia’s premier resource for the interior design trade, The Design Center , which plans to open its doors in December 2016. Authentic modern furniture retailer Design Within Reach will open across the street in early 2017. BCJ was represented in this lease agreement by Matthew Frederick of PernaFrederick , while Pete Soens of SSH Real Estate represented the project. Wells Fargo is providing the construction financing for 34 South 11th Street . The first phase of the East Market project, encompassing 34 South 11th Street and additional buildings along Market and Ludlow Streets , will be completed by the spring of 2017. This will include 200,000 square feet of open, customizable office space, alongside 322 modern residential units and 130,000 square feet of retail and restaurant space.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
Transform your lease administration. Download this eBook to discover five essential tips that will help you streamline processes, reduce risks, and maximize efficiency.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.