10C — June 13 - 26, 2014 — Pennsylvania — M id A tlantic

Real Estate Journal


P ennsylvania

$2.2 million value at North American Building PernaFrederickbrokers three leaserenewals totaling18,206s/f

P HILADELPHIA, PA — PernaFrederick Commercial Real Es- tate has represented ADR North American, LP, the owner of the North American Building at 121 South Broad St., in the negotiation of three lease renewals for approxi- mately 18,206 s/f of space in that 21-story building that have a combined aggregate rental exceeding $2.2 million. Joe Viturello , a vice presi- dent at PernaFrederick, bro- kered all of the renewal con- tracts. The Urban League of Phila- delphia is an affiliate of the

Cushman & Wake- field cooperates in 7,900 s/f lease PHILADELPHIA, PA — PernaFrederick Commer- cial Real Estate has repre- sented Leadnomics, an online marketing company, in secur- ing approximately 7,900 s/f of office space at 3020 Market St. Cushman & Wakefield co- operated with PernaFrederick and represented Brandywine Realty Trust in finalizing the terms of the lease. According to Daniel Gum- mel , a vice president of Per- naFrederick and broker who represented Leadnomics in negotiating the space contract for a portion of the fifth floor in the six-story office building. Leadnomics currently shares 9,900 s/f at Circa Centre, 2929 Arch St., with two other com- panies. n In the third agreement, the Philadelphia Musicians' Union Local 77 of the Ameri- can Federation of Musicians extended its lease for approxi- mately 1,726 s/f on the third floor of the North American Building. n National Urban League, a historic civil rights organiza- tion dedicated to economic empowerment in order to elevate the standard of living in historically underserved urban communities. In the largest of the exten- sions, the Urban League of Philadelphia renewed it lease of some 9,700 s/f on the 9th and 10th floor of 121 South Broad. Brian Edmounds , a broker with Concordis Ad- visors , cooperated with Per- naFrederick and represented the Urban League in finaliz- ing the terms of the renewal. According to Viturello, the aggregate rental of the lease extension exceeds $1.4 mil- lion. In the second renewal, Shein Law Center, a legal firm that specializes in repre- senting clients suffering from the consequences of asbestos exposure, extended its lease of approximately 6,610 s/f on the 21st floor of 121 South Broad. Andrew Margolis , the principal of A. Margolis Realty in Philadelphia, coop- erated with PernaFrederick and represented Shein Law Center in finalizing the terms of the renewal.

North American Building

Design Builders ConstructionManagers

Trust, Transparency & Teamwork

610-889-1100 www.ConstructureManagement.com Malvern, Pennsylvania

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