PernaFrederick Renews Three Office Leases Totaling 20,243 SF with Aggregate Rental Exceeding $1.3 Million
PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has negotiated three office lease renewals aggregating 20,243 square feet in two Center City buildings here.
The renewals, with a combined aggregate rental exceeding $1.3 million, were brokered by Joe Viturello, a vice president of the firm.
In the largest of the agreements, Vituello represented 1608 Walnut Street Associates, the building owner, in an expansion and renewal agreement for approximately 9,738 square feet on the 16th floor occupied by Transportation Resource Associates, Inc. (TRA).
TRA is a premier safety, security consulting and software firm founded in 1990 that offers safety and security solutions to its clients. The company has provided safety and security software to a wide range of diverse clients in the transport, government, construction, and manufacturing sectors. It has maintained its headquarters at 1608 Walnut since 2002.
In a second renewal at 1608 Walnut, Viturello brokered the expansion of a lease with the legal firm of Anthony L. Lamm and Associates, P.C., that now occupies some 3,895 square feet on the 7th floor. The expansion responds to space needs of the Trevose, Pa., office of Lamm Rubenstone that was represented in the lease negotiations by Zena Charokopos, a broker with NAI Mertz.
The law firm of Anthony L. Lamm also occupies space on the 8th floor of 1608 Walnut under an agreement that remains in place.
At the North American Building, 121 South Broad Street, Viturello represented ADR North American, L. P., the building owner, in extending an agreement for 6,610 square feet, the entire 15th floor of the 21-story building occupied by Goldberg, Miller & Rubin, P.C.
Kartik Patel of Tactix Real Estate Advisors cooperated with PernaFrederick and represented the tenant in finalizing the terms of the renewal agreement.
Goldberg, Miller & Rubin, P.C. is a civil litigation firm founded in 1984 that handles a wide variety of matters including defending insurance companies and their customers, representing hospitals and physicians, and counseling major corporations involved in toxic tort litigation.
PernaFrederick is headquartered at Two Penn Center and specializes in commercial brokerage to include landlord and tenant representation, user and investment sales, as well as consulting. The firm serves as exclusive leasing agent for Two Penn Center Plaza, the North American Building, 1608 Walnut Street, 400 Market Street and The Granary in Philadelphia.
For More Information, Contact: M. Gebhardt 215-496-9675 Ext. 16
