Judy Simon, SVP of locally based Seligsohn Soens Hess/TCN Worldwide, represented the law firm, which is also based here. Jim Mullarkey and Mike Dolan of locally based Rubenstein Co. represented Rubenstein, the owner, in the transaction.
The 29-story building was completed in 1973. It is located in Center City's West Market submarket, which faces a severe rise in vacancies, beginning this year. According to fourth-quarter 2004 data from the local office of CB Richard Ellis, the average asking rental rate for class A properties in the submarket is $24.80 per sf, but deals are being struck below that figure.
Weber Gallagher's areas of practice include product liability, medical malpractice, workers' comp, and other aspects of commercial litigation. It operates throughout the mid-Atlantic from seven offices in Pennsylvania, New Jersey and New York.
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