2C — September 14 - 27, 2018 — Pennsylvania — M id A tlantic

Real Estate Journal


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P ennsylvania

Marcus, Weitzel and Parrillo of JLL rep. Keystone Macquarie InvestmentMgmt. relocates Philadelphia HQ

HILADELPHIA, PA — Macquarie Invest- ment Management , a global asset management firm and part of Macquarie Group , and Keystone Prop- erty Group announced that Macquarie will relocate its Philadelphia headquarters to 100 Independence Mall West in 2020. Macquarie has entered into a lease agreement with Keystone Property Group to occupy 145,000 s/f of space in the historic building. Macqua- rie plans to redevelop the space, which is located steps from US landmarks including the Lib- erty Bell, National Constitution Center, and Independence Hall, where the Declaration of Inde- pendence was signed. “Our US mutual fund busi- ness has been in Philadelphia since 1929, and we are proud to say the city is the global head- quarters for our investment management business,” said Shawn Lytle , deputy global head of Macquarie Investment Management and president of Delaware Funds by Macqua- rie. “With this move, we look forward to reimagining this iconic space to combine the best of old and new, maintaining its historical significance while P

agement’s global headquarters represents a critical step toward the full realization of that vi- sion, as well as a testament to the enduring appeal of not just this building, but all of Center City Philadelphia.” Independence Mall West, built in 1965 and designed by world renowned architect Pietro Belluschi and for- merly known as the Rohm and Haas Building, is listed on the National Register of Historic Places. Mitch Marcus, Tom Weit- zel and Ashley Parrillo of JLL represented Keystone Property Group in the trans- action. Macquarie was repre- sented by Glenn Blumenfeld and Scott Crumley of Tactix. Keystone Property Group acquired the nine-story, ap- proximately 400,000 s/f class A office building in 2013. As part of its $25 million reinvestment strategy, it has transformed the building’s formerly empty ground floor and lower level by creating a dynamic indoor- outdoor experience for pedes- trians with Independence Beer Garden and the La Colombe coffee cafe — all within steps of several of Philadelphia’s cul- tural landmarks. 

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Colin McHale

Kevin Flynn, Jr. Gene McHale







100 Independence Mall West modernizing it to reflect our company culture and our posi- tion as a destination employer in the Delaware Valley.” “We are pleased to welcome Macquarie as our newest ten- ant at 100 Independence Mall West,” said Keystone president and COO Richard Gottlieb . “When we set out to transform this historic property into a mixed-use commercial desti- nation, we imagined filling it with companies that would appreciate the rich sense of his- tory, creativity, and vibrancy present in this building and the surrounding area. The addition of Macquarie Investment Man-

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