Two Liberty Place, Philadelphia. Photo credit: CoStar

PHILADELPHIA—The American College of Radiology has signed a lease for more than 10,000 square feet of space at the Two Liberty Place office tower here.

The American College of Radiology is scheduled to relocate operations this month from its offices at 1818 Market St. to the 28th floor of the 57-story Center City property.

A Savills team comprised of vice chairman and Philadelphia branch manager Greg Soffian, senior managing director Matthew Sall and managing director, workplace strategy and project management Andrea Borrelli advised the organization on the real estate solution. The landlord was represented by Joe McManus and Morgan Murry of CBRE in the transaction.

"ACR has roughly 150 employees in the Philadelphia region, many of whom work remotely," Soffian says. "This relocation provides the client with the opportunity to shed excess space and enhance the way the office operates. The group will leverage the consolidated, open-concept floorplate and move to a flexible hoteling solution with reservation-based unassigned seating. The efficient footprint allows ACR to significantly reduce annual overhead costs over the course of the lease."

The relocation and shift in office format will allow ACR to reduce its Philadelphia real estate by a third, Savills states.

The space will be built out and designed to suit the organization's specific needs. Utilizing a more efficient layout, the new hoteling concept will accommodate approximately 50 employees.

Charles Apgar, executive vice president, ACR, says, "After being in the last location for 15 years, we now have a workplace strategy that aligns with the ACR's culture and positioning, as well as an engaging environment for our employees and guests."

ACR, which is headquartered in Reston, VA, is a membership organization of approximately 40,000 radiologists, radiation oncologists and medical physicists dedicated to serving patients and society by empowering radiology professionals to advance the practice, science and professions of radiological care.

Instant Insights /

American College of Radiology Inks Deal at Two Liberty Place

Related Stories

Recommended For You