PHILADELPHIA—The new ownership of the 401 N. BroadSt. building in Center City will be moving forward withits planned $70-million renovation as it tries to lease up thevacant space at the telecommunications building.

Amerimar Enterprises and its partners areplanning a multi-phased interior and façade improvement initiativeat the data center building and have also hired Cushman& Wakefield to lease up approximately 300,000 squarefeet of vacant space at the 11-story, 1.3-million-square-footproperty, according to the Philadelphia Business Journal. Most ofthe vacancies were non-related data companies that moved out of theproperty.

Cushman & Wakefield Data Advisory Group's RogerMcManimon, Jack Meyers and JasonBernardi are marketing the vacant space at theproperty.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.