PernaFrederick Brokers Five Center City Office Space Agreements for 14,500 SF worth $1,654,000

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented two building owners and two tenants in the lease of approximately 14,500 square feet of center city office space having a combined  aggregate rental exceeding $1.6 million.

The brokerage team of Joe Viturello, a vice president, and Daniel Gummel, a vice president at PernaFrederick, closed the space contract for 4,232 square feet representing 400 Market L.P., the owner of 400 Market Street, while Viturello negotiated the other four agreements.

At 1608 Walnut Street, Viturello represented 1608 Walnut Associates, L.P., in the lease of some 3,674 square feet to Tribune Distribution Company, a multi-media distribution entity, that will open a new Philadelphia office at that location.

Mark Adzick, a broker with CBRE, cooperated with PernaFrederick and represented Tribune Distribution in finalizing the multi-year lease with an aggregate rental of approximately $375,000.

In the second agreement at 1608 Walnut, the dental practice of Dr. Todd A. Fleischman extended its lease for 3,550 square feet on the 11th floor in a renewal agreement that was co-brokered by Pete Shrier of SSH who represented Dr. Fleischman in finalizing the renewal that commences in the summer of 2015.

At 400 Market Street, the team of Viturello and Gummel negotiated a space ccontract for ReAdmission Solutions, a contractor for Independence Blue Cross, to establish a new Philadelphia office in 4,232 square feet on the seventh floor of the 172,000 square foot building.

Nick Giganti, a broker with Coldwell Banker Preferred, cooperated with PernaFrederick and represented ReAdmission Solutions in finalizing the lease that has an aggregate rental of approximately $467,000.

At 230 South Broad Street, Viturello represented Diversified Psychologcial Resources in the lease of some 1,534 square feet on the 10th floor of the building for the relocation of the firm’s offices previously situated at 2028 Chancellor Street in Philadelphia.  Eric Muller, a broker with SSH, represented 230 S. Broad, L.P., the building owner in finalizing the lease that has an aggregate rental of $161,000.

In the final lease, Viturello represented The Moday Center, a wellness center, in the establishment of its business in some 1,500 square feet on the fourth floor of 110 South 20th Street.  Doug Himmelreich, a broker with The Flynn Company, represented 110 Realty Associates, the owner of 110 South 20th Street in closing the space contract that has an aggregate rental of some $130,000.

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