Laborers’ District Council Benefit Fund Leases 13,667 SF

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented the Laborers’ District Council Benefit Fund in the lease of approximately 13,667 square feet of office space in a new five-story building at 665 North Broad Street here.

The brokerage team of Matt Frederick, a principal, and Joe Viturello, a vice president at PernaFrederick, negotiated the multi-year space contract with Laborers’ District Council of the Philadelphia Metropolitan Area, the building owner.

Jason Bernardi, a broker with Cushman & Wakefield of Pennsylvania, cooperated with PernaFrederick and represented building ownership in finalizing the terms of the lease, for which no aggregate rental was disclosed.

According to Frederick, the LDC Benefit Fund has been situated in smaller offices at 475 North Fifth Street in Philadelphia and recently moved those operations to the first three floors in the new five-story 25,450 square foot building at 665 North Broad Street.

For over five decades, the Laborers’ District Council of Metropolitan Philadelphia & Vicinity and Laborers Local Union #’s 57, 135, 332, and 413, have worked on behalf of more than 5,000 members by helping to secure projects, promote the hiring of union workers, and meet the quality-of-life as well as quality-of-work needs of employees and employers in Philadelphia, Bucks, Chester, Delaware, and Montgomery counties.