PREIT Associates Signs 44,000-SF Office Lease at One Commerce Square
PREIT Associates, a local firm that operates as a subsidiary of Pennsylvania Real Estate Investment Trust, signed a 44,057-square-foot lease at Brandywine Realty Trust’s One Commerce Square office tower in Philadelphia.
The Class A, 41-story structure at 2005 Market St. was built in 1987 and renovated in 2013. The 4-Star, 1.02 million-square-foot tower is one block from the 22nd Street light rail station.
Brian Orr and Dan Galbally provided in-house representation on behalf of the landlord, which purchased the property in December 2013, CoStar data shows. James Paterno, Mike Dolan and Douglas Himmelreich at Stockton Real Estate Advisors represented the tenant in negotiations.