At Media; Ark Ideas & Cloudmine Lease Total 11,200 Square Feet at Biddle Building in Long Term Agreements worth $1.25 Million

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented Thyland Associates, the landlord of the Biddle Building, 1217 Sansom Street here, in the lease of approximately 11,200 square feet of office space to At Media, Ark Ideas and CloudMine. The combined aggregate rental of the agreements exceeds $1.25 million.

The brokerage team of Keith Kiner, Joe Viturello, Dan Gummel and Mike Anderson negotiated the agreements for space on the fourth and sixth floors of the building situated in the heart of Midtown Village.

In the first lease, Joe Viturello, a vice president, and Mike Anderson, an associate at PernaFrederick, represented At Media, a boutique branding agency that offers custom brand identity and development, in the expansion of its offices to 2,800 square feet, or approximately one half of on the fourth floor of the building.

In the second lease, Dan Gummel of PernaFrederick represented CloudMine, an enterprise mobility company that provides a cloud-based mobile middleware platform, in the lease of some 5,600 square feet on the sixth floor of the building.

Acting as the sole agent, Kiner represented Thyland Associates and Ark Ideas, a full service advertising and marketing agency with a client base in the retail industry, in the lease of 2,800 square feet that, when combined with the At Media agreement, the two space contracts represent the entire fourth level of the structure.

“The Biddle Building is located in The Midtown Village which has become an office sub market, all to itself,” said Kiner who has been handling the leasing for Goldman Properties in this neighborhood for the last few years.  “The Midtown market was just about fully leased, so the need for a new opportunity for creative space in this area is enormous and the buzz incredible.”

“The building has been repositioned and brought on line when this office sub-market is extremely tight,” he continued. “It has not only been because of supply and demand, it is also the fact that this is a one of a kind building for this area. This neighborhood has evolved into the “creative class” hub, where small to mid-sized arts, cultural, and technology businesses are laying down their roots and growing their businesses.”

The Biddle Building has great period architectural, historically preserved original floors, tall barrel vaulted masonry ceilings, exposed brick interior walls, tall ceilings, plus expansive skylights on the top floor.

“In addition, the landlord is adding finishes and technology to further differentiate the project and make it more enticing to prospects looking to be in this neighborhood,” Kiner said.