P ennsylvania S potlight E astern PA
Mid Atlantic Real Estate Journal — Pennsylvania — April 12 - 25, 2013 — C
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CBRE reps landlord in 22,572 s/f Phila. lease
EST CHESTER, PA — West Ches- ter based Swope Prudential, Fox and Roach as the seller’s agent Swope Lees arranges $375k sale of former Gilmores W
Philadelphia, PA — Sb1 Federal Credit Union (Sb1) leased 22,572 s/f under a 10 year lease term at 1500 Spring Garden. Sb1 is a full-service credit union and financial institution based in Philadelphia that specializes in member-ori- ented services. The company selected 1500 Spring Garden for their new administra- tive office and retail branch because of the building’s un- matched technology platform. Superior technological fea- tures include multiple electric power redundancies, enhanced fiber optic voice and data con- nectivity, secure interior riser shafts and extensive rooftop ancillary equipment space. These unique and leading edge amenities will allow Sb1 to take their business to the next level.
Lees Commercial Real Es- tate, LLC has arranged the $375,000 sale of the former Gilmores Restaurant located at 133 East Gay Street, West Chester Borough. Gilmores operated in excess of a decade at the location and was known for its quaint décor and tradi- tional French cuisine. Roots Café, led by Dan Cel- lucci, has purchased and will relocate to the property. Roots Cafe offers a local, farm-to-ta- ble menu and has established a strong following during its time in the Borough. Cellucci plans to expand his selections and will offer a full- service breakfast, lunch, and dinner menu. Additionally, the growing restaurant will offer
1500 Spring Garden
Inc., 1500 Spring Garden is Philadelphia’s newest and most extensive office renova- tion. With over $100 million in renovations, the property is a class A building ideally located near retail ameni- ties, public transportation, highway access, parking, and shuttle service. CBRE represented the landlord, 1500 Net-Works Associates LP., and senior vice president WilliamFinnegan , formally of Newmark Grubb Knight Frank and now of Cresa Philadelphia , repre- sented the tenant. n
BYOB service. The building is currently under renovations and plans are underway for outdoor pa- tio seating in the rear of the property. Prudent ial , Fox and Roach assisted with the transaction as the seller ’s agent. n Mid Atlantic R EAL E STATE J OURNAL ’ S A NNUAL S POTLIGHT Industrial & Distributions Centers Developed and managed by Amerimar Enterprises,
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