PernaFrederick Brokers Five Center City Office Space Agreements for 19,500 SF Worth $4 Million

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented one building owner and two tenants in the lease of approximately 19,500 square feet of office space in buildings fronting Market Street, JFK Boulevard and Sansom Street here.

The combined aggregate rental of the five space contracts exceeds $4 million.

400MarketThe brokerage team of Joe Viturello, a vice president, and Daniel Gummel, a vice president at PernaFrederick, closed three of the space contracts representing 400 Market L.P., the owner of 400 Market Street.  Those agreements totaled 16,453 square feet.

In the largest of the leases, alphabroder, a supplier of imprintable apparel and accessories to screen printers, embroiderers, promotional products distributors, athletic dealers and other businesses, has relocated its suburban office operations to approximately 11,955 square feet on the fifth floor of the 12-story building.

Eustace Wolfing ton and Matt Guerreri of Newmark Grubb Frank, cooperated with PernaFrederick and represented alphabroder in negotiating the terms of the lease.  Alphabroder is scheduled to occupy its space this September.

In the second lease at 400 Market, Professional Planning Associates, a financial planning firm, is moving to approximately 3,329 square feet on the third floor from its present location at 1429 Walnut Street.  Ken Clyman, principal of Ken Clyman Realty, represented Professional Planning Associates in finalizing the lease that commences in January, 2015.

Establishing a new Center City office at 400 Market is FJC Security Services that is assigning its staff to some 1,170 square feet on the fourth floor.  Chris Booth, a broker with Wolverton Company, represented FJC Security in closing the negotiations for that agreement.

At 1880 JFK Boulevard, Viturello represented Bayada Home Health Care in the lease of approximately 3,100 square feet on the seventh floor of the building that the health care service firm will occupy this August.

Judy Simon, a broker with SSH Real Estate in Philadelphia, cooperated with PernaFrederick and represented JFK Investment Associates, L.P.I., the building owner in finalizing the lease.

The space at 1880 JFK Boulevard will be occupied by the Government Affairs staff of Bayada that has been situated in Moorestown, N.J.

At the Biddle Building, 1217 Sansom Street, Viturello and Michael Anderson of PernaFrederick represented At Media, an advertising agency, in the lease of some 2,800 square feet on the fourth floor of the building situated in the heart of Midtown Village.

Keith Kiner, a vice president at PernaFrederick, represented Bailey Chestnut Partners, L. P., the limited partnership that owns the building that is part ofthe redevelopment of the adjoining Bailey building at 1218 Chestnut Street.

At 230 South Broad Street, Viturello represented MJ Settelen Construction, LLC, in the expansion of a lease that now accounts for approximately 3,509 square feet of office space on the 11th floor of the 21-story building.

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