PHILADELPHIA, PA–Rosemont Realty has renewed its lease with The Board of Pensions of the Presbyterian Church (USA) at 2000 Market Street, where the Board has been headquartered since 1996.
The 12-year, 76,998 square-foot lease renewal represents the third lease executed at 2000 Market Street in March. The three leases total 114,166 square feet, and include a 20,657 square foot lease by Aetna and 16,511 square feet secured by Shechtman Marks Devor PC.
“We're honored that The Board of Pensions has renewed the lease for its headquarters at 2000 Market,” says Tina Renee McCall, senior vice president of asset management of Rosemont's East region. “The building's prominent location at the top of Market Street coupled with the class A office environment factored into their decision to renew.”
“We were pleased with Rosemont's willingness to work with us to make it feasible for us to remain in this great location,” says Frank Spencer, president of The Board of Pensions.
2000 Market is a 29-story, 665,649 square foot class A office building located in the Market West submarket of Philadelphia's Central Business District. The building is now 97 percent leased and its tenant roster includes Fox Rothschild LLP, Marshall Dennehey, and Zurich Insurance Group, Ltd., among others.
Joe Wolff and Kevin Maloney of CBRE represented Rosemont Realty in the transaction, while Nick Gersbach, also with CBRE, represented The Board of Pensions.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
