TDKCA Closes New Lease Deals !
Regional Firm Continues to Build Momentum
Philadelphia, PA, January 26, 2015– Thomas D. Kramer, President of TDK Commercial Advisors announces that the firm has completed transactions totaling over 20,000 s.f. on behalf of several national clients.
In the largest transaction, TDKCA represented the law firm of Ansa Assuncao in the renewal of their corporate headquarters location at 4 Penn Center (1600 JFK Boulevard, Philadelphia, PA). The firm leases 13,000 square feet and has been a tenant at the property for over 6 years. As a part of the renewal agreement the firm will be completing renovations to the premises designed by architectural firm EBHD. Financial terms of the long term transaction were not released. Thomas Kramer, President of TDKCA comments that “Ansa has been a long term client of the firm, and we are pleased to have represented them in this transaction. The completed renewal agreement represents a true ‘win-win’ for both landlord and tenant.” Stockton Real Estate Advisors represented the landlord.
In another area transaction, TDKCA successfully represented Beacon Legal Staffing, based in Boston, MA in the relocation of their Philadelphia area office. The firm will be moving to 1835 Market Street. As a part of the transaction the firm will complete renovations to the 2,600 s.f. of space they occupy allowing them to better serve their clients. Kramer comments that “Beacon has been a long term client of TDKCA, and were thrilled that they once again entrusted us to represent them. We created a solution that met their economic, growth and locational needs”
TDKCA represented AMC Delancey, the landlord of 718 Arch Street, Philadelphia PA, in two separate transactions. The law firm of David Kaplan will be joining the tenant roster at the site. This is a new office for the firm, who will begin practicing from the location in Q1 2015. The firm completed a long term lease. In the second transaction at the property, AL Entertainment will be locating their corporate office to the first floor. AL Entertainment is one of the nation’s premier full service on-line ticket providers.
The Cast Iron Building is one the City’s most well-known properties, containing over 122,000 sf of office space, and 10,000 sf of retail space. The property has been renovated in recent years. With outstanding views of the entire City, the property offers excellent access to Independence Hall, East Market, and the Federal Courts.
ABOUT TDK COMMERCIAL ADVISORS: TDK Commercial Advisors a full service commercial real estate firm whose mission is to be partners with our clients and to provide the energy, enthusiasm, market knowledge and technology required to create solutions for long term real estate
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If you would like more information about this topic, please contact Thomas Kramer at 215.292.5575 or email Tom@TDKCA.com.