PernaFrederick Brokers Four Center City Office Space Agreements for 12,800 SF Worth $1.2 Million

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented four tenants in the lease of approximately 12,800 square feet of office space here having a combined aggregate rental exceeding $1.2 million.

417 N. 8th StJoe Viturello, a vice president at PernaFrederick, negotiated all of the agreements. At 417 North 8th Street, Viturello represented Tech Inpact in the extension of its lease for some 5,645 square feet on the 2nd floor of the building that is owned by 417 North Eight Associates. Tony Falcone, a broker at M.S. Fox Real Estate, represented building ownership in finalizing the renewal estimated to be worth over $450,000.

Tech Impact is a nonprofit whose mission is to ensure all nonprofits can use technology to better serve our world, providing hands-on technology support to make sense of anything from large-scale technology projects, to simple technology maintenance. It first leased space at 417 North 8th Street in 2011 and maintains a comprehensive suite of services that focus solely on the needs of nonprofits.

At 1515 Market, Viturello represented the SMART Transportation Division of the United Transportation Union in the extension of its lease for 2,413 square feet of office space on the 7th floor in a renewal agreement that was co-brokered by Alex Breitmayer of JLL who represented BRI 1866 1515 Market Limited Partnership in finalizing the renewal estimated to be worth over $326,000.

At 2708 Commerce Way in the Byberry East Industrial Park, Viturello negotiated a 2,845 square foot space contract for Smith Construction to move its corporate offices from 3331 Street Road in Bensalem to its new Philadelphia office on the 2nd floor of the 38,466 square foot building.

Matthew Shanahan , a broker with Colliers International, cooperated with PernaFrederick and represented the Commerce Way Office Complex, LP, in finalizing the lease that has an aggregate rental of approximately $195,000.

At The Philadelphia Building, 1315 Walnut Street, Viturello represented Park Ops in the lease of some 1,852 square feet on the 13th floor of the building. Park Ops is a valet parking company that provides valet parking services for restaurants, hotels, and garages in the Philly area. The firm is moving to the 13th floor from another location within 1315 Walnut.

Eric Muller, a broker with SSH, represented Goldman Properties/Philadelphia Buillding Associates LLC., the owner of 1315 Walnut, in finalizing the lease that has an aggregate rental of $182,000.

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