Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHILADELPHIA-Lavin, Coleman, O’Neil, Ricci, Finarelli & Gray, based here, inks a lease for 45,000 sf at the American College of Physicians building in Center City at 190 North Independence Mall West. The law firm is currently headquartered at 501 Walnut St., which is south of the new location, but in the same submarket.

Terms of the new lease are undisclosed. Area brokers tell GlobeSt.com that the average asking rate for class A office space in the Independence Square submarket ranges between approximately $20 and $23.50 per sf.

Lavin, Coleman is among the largest law firms in the city. According to the firm’s website, it has approximately 60 attorneys in three locations, which include its headquarters here along with offices in New York and Mt. Laurel, NJ.

The Physicians’ building is a nine-story, 275,000-sf class A property that includes a 135-car garage, a cafe with rooftop terrace, a fitness center and conference and meeting spaces. It has easy access to I 95 and the Ben Franklin Bridge.

David Jarjisian and Nick Gersbach of the local office of CB Richard Ellis represented the owner, American College of Physicians, in the transaction. The law firm was represented by Ken Zirk and Bill Luff of the local office of Trammell Crow Co.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.