CONSHOHOCKEN, PA-CPA Solutions inked a lease for 12,570 sf at 101 West Elm St., a 185,774-sf, class A building on a 2.2-acre site in the center of town. The lease is for 65 months. The aggregate value is undisclosed, but space in the building is being offered at $26 per sf plus electric.

When it relocates here in December, CPA will nearly double the space it now occupies in the Pagoda Building in nearby Bala Cynwyd. With this transaction, 101 West Elm, which was developed by Philadelphia-based Keating Partners in 1999, will be 62% leased.

Gene McHale, principal of locally based Beacon Commercial Real Estate, represented the owner, 101 West Elm Street Associates, a private real estate investment partnership. Brad Spiegel, president of Skyline Commercial Real Estate, represented CPA, which is among the 25 largest regional certified public accounting firms.

McHale says available space in the building ranges from office suites of 2,500 sf or more to a full floor of 28,500 sf. Beacon is the exclusive leasing agent.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.