PHILADELPHIA-Is it a blip or a trend? The overall MSA absorbed nearly one million sf of office space in fourth quarter 2002, pushing vacancy rates down for the first time in two years. The Center City market paralleled the region.
PHILADELPHIA-New York-based One Penn Associates, LP, which purchased the 20-story, 650,000-sf, 73-year-old Art Deco gem last summer, assigns leasing to the local office of the New York-based brokerage firm. One Penn is upgrading mechanical systems and refurbishing the fagade.
PHILADELPHIA-Jefferson Health System, Rutgers continuing education programs, a charter aircraft company and Knoll office furniture are among nine companies to join 40 existing suppliers in the online tenant amenity program, developed by Plymouth Meeting, PA-based Brandywine Realty Trust.
PHILADELPHIA-Within weeks of selection of a shortlist of three development plans, and in the midst of a series of public forums on the fate of the 13-acre Center City riverfront tract, seven local-area firms and two outsiders submit mixed-use proposals.
ALLENTOWN, PA-Management of the steel company's two-million-sf complex in Bethlehem, PA, has been assigned to Summit Management & Realty Co. and H.T. Lyons. The properties contain 147,000 sf of vacant office and flex space not part of a potential buyout.