Category Archives: News

Modern Meets Market @ 1601

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1601 Market Street Philadelphia ExteriorEveryone is talking about 1601 Market Street. With sleek glass, bright lights, and striking signage, the building’s design captivates you immediately. The boldest statements, however, are made on the inside with aesthetics, amenities, and award-winning features that are not just modern but quintessentially “Philly.”

 

 

Thanks in part to… Read More

Rearranging in Q4: “Reverse Migrations” in the CBD and Tenant Shuffling in the Suburbs

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JLL Q4 2016 Stats for CBD and Suburbs

With a new year and a changing skyline, JLL has released Q4 2016 stats that are indicative of some interesting trends in the central business district and suburbs of Philadelphia.

CBD insights show that:   

  • Businesses’ “reverse migrations” eastward, such as Five Below’s relocation to 701 Market Street,
  • Read More

The Sale of ShopRite Anchored Center in Glenolden

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Our Capital Markets Group is pleased to announce on behalf of MCB Real Estate and Alex Brown Realty that it has closed the investment sale of 140 N. MacDade Boulevard in Glenolden, Pennsylvania to Wharton Realty Group. The property, a 108,587 square foot grocery-anchored shopping center, features a newly renovated ShopRite and is at 100% occupancy.

JLL Lands Three Spots in the Mid Atlantic Real Estate Journal’s “Best of 2015”

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The Mid Atlantic Real Estate Journal’s “Best of” highlights the largest developments, major financial transactions, largest office, retail & industrial transactions, as well as the most unusual architectural and construction projects. In addition, the list features the owners, brokers, developers, architects who made it all happen.

JLL is proud to be recognized in the Mid Atlantic Real Estate Journal’s “Best of 2015” in three different categories:

 

TOP BROKERS

James Galbally and Douglas Rodio, Managing Directors,… Read More

There is no “pumping the breaks” for the U.S. office market

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Year-end results proved that economic expansion has reached a tipping point in many markets across the U.S, pushing rental rates to pre-recession levels. Activity is now spreading beyond West and Northeast into Sun Belt markets on the heels of demographic, financial and professional business services growth.

What other trends have we seen and what do they mean for 2016?

  1. The U.S. economy continued to expand in 2015 through both employment and output, despite
  2. Read More
Categories: News, Office and tagged , , , .

“Uber just opened a big ol’ corporate-looking office in Southwest Philly”… and we built it out

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“We were proud to build out your new Philly space #Uber!” – JLL PDS & Construction, Jim McGrath, Phil Tortorelli & Pat Wahl

Uber offices in S. Philadelphia

According to Technical.ly Philly, the ridesharing company has set down roots deep in Southwest Philly, just north of the airport, and… Read More

The Sale of 270 Silver Spring Road in Mechanicsburg

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270 Silver Spring Road

On behalf of DCT Industrial (NYSE: DCT), JLL has closed the sale of 270 Silver Spring Road in Mechanicsburg, Pennsylvania to Cabot Properties. The property, totaling 104,000 square feet, is located in the 27 million square foot Central Philadelphia industrial market, one of the top performing in the United States.

Senior Vice President for JLL Philadelphia, John Plower, told the Central Penn… Read More

Positive absorption predicted for Delco in 2016 – who is taking accountability?

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Delaware County experienced 366,282 square feet of leasing activity in Q4 as three major deals scattered across Delaware County accounted for 82.7 percent of leasing activity:

  1. Wilmington-based biopharmaceutical company Incyte Corporation signed two leases for 111,500 square feet at Painter’s Crossing Office Campus in Chadds Ford.
  2. At 2501 Seaport Drive in Chester, Power Windows and Siding agreed to an expanded 104,661 square feet in the former Wells Fargo space.
  3. In Newtown Square, Main Line
  4. Read More
Categories: News.