PHILADELPHIA—Co-working space Benjamin's Desk is leasing 11,693 square feet on the 12th floor of 1608 Walnut Street, which will become the firm's flagship office for shared office space in Center City.

It's one of two office space leases PernaFrederick Commercial Real Estate negotiated at 1608 Walnut Street. Joe Viturello, a vice president at PernaFrederick, arranged the terms of both agreements for the PMC Property Group, the limited investment partnership that owns 1608 Walnut Street.

Jerre Riggs and Ed O'Brien, brokers with First Base, cooperated with PernaFrederick Commercial Real Estate to represent Benjamin's Desk in negotiating the terms of the multi-year agreement. Terms were not disclosed.

Benjamin's Desk provides shared workspaces, diversified business programming and events, customized growth services and coaching, and access to entrepreneurs-in-residence. Benjamin's Desk provides the space, community, resources, and expertise to help companies and entrepreneurs innovate, impact, thrive, and grow.

In the second lease, Viturello represented building ownership in the lease of approximately 6,880 square feet on the 6^th floor of the 232,000 square foot building to the Philadelphia Utility Emergency Services Fund that is moving from One Penn Center at Suburban Station.

Cathy Pullen, a broker with Savills Studley, cooperated with PernaFrederick and represented the tenant in finalizing the long-term space contract.

Philadelphia Utility Emergency Services Fund helps pay for expenses such as energy or heating bills, as well as grants and financial aid to cover other housing costs such as rent, security deposits, and mortgage payments. The fund was created to help stabilize housing needs for vulnerable individuals and families. Philadelphia residents who receive aid from it will also receive case management and access to other workshops.

Cathy Pullen, a broker with Savills Studley, cooperated with PernaFrederick and represented the tenant in finalizing the long-term space contract.

Instant Insights /

Benjamin's Desk Co-working Space Relocates to 1608 Walnut Street

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