PHILADELPHIA—Liberty Property Trust reportsthat construction has begun on the 59-story ComcastInnovation & Technology Center here.
The Malvern, PA firm reports that the joint venture agreementbetween Liberty and Comcast Corp. in connection with the projecthas been completed. The joint venture is 80% owned by Comcast and20% by Liberty Property Trust. Liberty is the manager of the jointventure.
The 59-story tower to be built on the 1800 block of Arch Streetwill include 1.334 million square feet of rentable office space anda 222-room Four Seasons Hotel. Comcast has signeda 20-year lease for 982,275 square feet, or approximately 74% ofthe tower's office space.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
