PernaFrederick Brokers 4 Center City Office Agreements for 14,000 SF

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented two tenants and two building owners in the lease of approximately 14,000 square feet of office space here that have a combined aggregate rental exceeding $2.1 million.

Joe Viturello, a vice president at PernaFrederick, closed all the space contracts, three of which were for buildings located on South Broad Street.

In the largest of the leases, Viturello represented ADR North American, L.P., the investment partnership that owns the North American Building, 121 South Broad Street, in the lease of approximately 6,610 square feet on the 20th floor of the building to Schubert Gallagher Tyler & Mulcahey.

Kevin Maloney, a broker with CBRE in Philadelphia, cooperated with PernaFrederick and represented Schubert Gallagher in finalizing the lease. Schubert Gallagher Tyler Mulcahey is a full service law firm serving a diverse clientele in Philadelphia, its surrounding counties and New Jersey that is moving this July from offices in Two Penn Center to the North American Building.

At 123 South Broad, Viturello represented Pinnacle Consulting in the lease of some 800 square feet on the 20th floor under terms of an agreement co-brokered by Michael Kennedy of SSH Real Estate who represented building ownership in closing the transaction.

The firm is moving to 123 South Broad from 1616 Walnut Street.

Moving down to 230 South Broad Street, Viturello represented MJ Settelen Construction, LLC, in the expansion and extension of a lease for approximately 2,817 square feet of office space on the 11th floor of the 21-story building.

MJ Settelen provides expertise in many market segments, with a particular focus on corporate interiors, medical offices, hotel renovations, multi-unit residential and retail spaces. It offers professional services in pre-construction, project management, general construction, value engineering and consulting, delivering the highest quality of work from preconstruction to completion.

Brennan Votel, a broker with SSH Real Estate, the managing agent for the building, represented 230 South Broad, L.P., in finalizing the terms of the renewal.

At 1608 Walnut, Viturello represented 1608 Walnut Street Associates, L.P., the building owner, in the renewal of a lease with the law firm of Raymond W. Ruthrauff & Associates that occupies some 3,769 square feet on the 13th floor of the 19-story building.

Judy Simon, a broker with SSH Real Estate, represented Raymond W. Ruthrauff & Associates in finalizing the terms of the renewal. The law firm established its offices at 1608 Walnut in 2003 and the renewal will continue that occupancy to the later years of this decade, Viturello said.

For More Information, Contact: M. Gebhardt or J. Viturello 215-496-9675

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