www.marejournal.com P ennsylvania S potlight E astern CBRE’s Maloney, Adzick, Cauffman and Wolff will market the newly branded property Nightingale Properties purchases 286,574 s/f building, plans $5 million in major renovations P M id A tlantic Real Estate Journal — Pennsylvania — January 16 - 29, 2015 — 5C

especially with its easy access to transit. It is situated right in the heart of downtown and is part of the ongoing makeover of Philadelphia’s CBD.” Nightingale Properties, founded in 2005 by Elie Schwartz and Simon Singer , has made a big push into Philadelphia recently, and now owns 1835 Market St., 1635 Market St., 1700 Market St., and 1500 Spring Garden, making them one of the largest commercial property owners in the city. 1635 Market is a 19 story, 286,574 s/f. building that was originally developed as a regional headquarters for IBM. The planned improvements include renovating the facade, the main lobby, the concourse, the elevators, including cab, lift systems, and controls, the common corridors, and the bathrooms n conferencing facility and col- laborative outdoor “green” workspaces. Made up of seven completely renovated mid-rise buildings surrounding a water feature in a 16-acre campus setting, VEVA is located on VEVABlvd. “VEVA builds upon our earlier efforts to create a state-of-the- art business environment at this address,” said Keystone partner Richard Gottlieb . “We are effectively taking our vision to the next level with VEVA, which combines best- in-class office space with an environment that will better promote vision, collaboration, and great ideas.” Currently, VEVA is approxi- mately 83% leased, boasting an expansive roster of tenants including CIGNA, Citizens Bank, Fiberlink Communica- tions, inVentiv Health Clinical, Morgan Stanley Smith Barney and Fesnak and Associates. The complex occupies a high- ly visible traffic intersection that is easily accessible from I-476 and the Pennsylvania Tpke. n

HILADELPHIA, PA — 1635 Market St. has been purchased by New York real estate in- vestment firm Nightingale Properties . Nightingale’s CEO, Elie Schwartz , has committed to $5 million in major renovations, to begin immediately. CBRE ’s Kevin Maloney , Mark Adzick , George Cauffman , and Joe Wolff will market the newly branded property. “This is an exciting oppor- tunity for this building. The- owner is committed to trans- forming 1635 Market intoa modern, high tech facility,” said Maloney, vice president in CBRE’s downtown Phila- delphia office. “It could poten- tially house a single tenant on 86,000 s/f across six floors. This building is an ideal location for a wide variety of tenants, BLUE BELL, PA — Key- stone Property Group , a leading real estate developer, manager and investor of of- fice and industrial properties, today unveiled VEVA, a pre- mier 425,000 s/f office complex in Blue Bell. The reinvented space, formerly known as Sen- try Park West, boasts world- class lifestyle amenities and cutting-edge infrastructural upgrades, driving a revamped, holistic office environment. Reflecting Keystone’s mis- sion to create aesthetically and functionally innovative work- spaces, VEVA’s reinvention echoes a forward-thinking ap- proach to integrating modern lifestyle design and inviting common spaces with the park’s workspace offerings. “At VEVA, we’ve created the workplace of tomorrow — a tenant experience that will at- tract and connect with today’s forward-thinking businesses,” said Bill Glazer , president of Keystone Property Group. “Businesses in the region have long been attracted to this complex due to its accessible

1635 Market St.

Keystone Property Group unveils VEVA, reinvention of 425,000 s/f Blue Bell, PA office complex


Included in VEVA’s offer- ings are: A fully reinvented plaza and public pavilion; a unique array of ambient lighting; enhanced inter-and- intranet connectivity; invigo-

rated building entrances; and upgraded furniture and room design. The complex also fea- tures a premium fitness and wellness facility, modern café and lounge, a state of the art

location and high-quality office space. However, the grand- scale upgrades we’ve made will inspire a higher level of creativity, productivity, col- laboration and imagination.”

Made with FlippingBook - Online catalogs