PernaFrederick Brokers Three Lease Agreements For 12,047 SF Having Aggregate Value Exceeding $1.7 Million
PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented three tenants for approximately 12,047 square feet of downtown office space that have a combined aggregate rental exceeding $1.7 million.
Matt Frederick, a principal, and Joe Viturello, a vice president at PernaFrederick, negotiated all of the agreements.
In the largest of the leases, Ryan, Brown, Berger & Gibbons, P.C., extended its lease for approximately 4,813 square feet on the 14th floor of 1600 Market Street.
Craig Scheuerle and Jack Soloff with Newmark Knight Frank cooperated with PernaFrederick and represented AREP 1600 Market Street, LLC, the building owner, in finalizing the terms of the renewal.
Founded in 1997, the firm’s attorneys handle commercial, construction, entertainment, health care, motor vehicle, personal injury, premises liability, product liability, professional liability and transportation litigation.
At The Professional Arts Building, 205 N. Broad Street, Frederick and Viturello represented Delaware Valley Management and Consulting, LLC, in the negotiation of a new space contract for 4,000 square feet on the sixth floor. Tom Kramer with TDK Advisors represented 205 Broad Holdings, LLC., building owner and landlord in the lease.
Delaware Valley Management and Consulting is a Pennsylvania Limited Liability Company established in September of this year.
In the third agreement, Aversa & Linn renewed its lease for some 3,234 square feet on the 30th floor of 1700 Market Street. The brokerage team of Kevin Maloney and David Mendez at CBRE represented 1700 Market Street Associates, the building owner, in closing that multi-year renewal agreement.
Aversa & Linn is a legal firm that specializes in personal injury litigation and has been situated on the 30th floor of 1700 Market Street since 2006. The renewal agreement will extend that occupancy in the 32-story building into the next decade, Viturello said.
