PernaFrederick Arranges Five Leases Totaling 17,407 SF of Office Space Having Aggregate Rental Exceeding $2.4 Mil

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has negotiated five lease agreements for approximately 17,704 square feet of center city office space here having an aggregate rental exceeding $2.4 million.  Four of the space contracts, brokered by Joseph Viturello, a vice president at PernaFrederick are for 14,871 square feet at 1608 Walnut Street.

In the largest lease, Nexstar Broadcasting, Inc., has renewed and expanded its offices to 5,894 square feet on the 10th floor of the building owned by 1608 Walnut Associates, L. P.

According to Viturello, Nexstar recently purchased Tribune Broadcasting and the expansion will accommodate the additional staff associated with that acquisition. Mark Adzick, a broker with CBRE, cooperated with PernaFrederick and represented Nexstar in the lease negotiations.

On the 17th floor of 1608 Walnut the Yang Institute of Integrative Medicine is occupying 4,057 square feet under a new lease negotiated by Viturello and Scott Martin, a broker with Avison Young.

On the ninth floor Becker Nose & Sinus Center, LLC, is moving to some 2,935 square feet under the terms of a new agreement negotiated with the cooperation of Tom Hummel, a broker with NAI Geis Real Estate.

In the fourth lease, Viturello was the sole agent who negotiated a new space contract that is placing the law firm of Green & Spiegel, LLP, in approximately 1,985 square feet on the seventh floor.  The firm is headquartered in Toronto, CN, and specializes in immigration law.

At 205 N. Broad Street, Viturello and Matthew Frederick, a principal of PernaFrederick, represented 205 Broad Holdings, LLC, the building owner, in closing a contract for approximately 2,536 square feet on the fifth floor that will be occupied by Behavior Interventions.

Julie Kronfeld, a broker with NAI Mertz, cooperated with PernaFrederick and represented Behavior Interventions in finalizing the long-term agreement.