Law firms, hedge fund to take 374,000 square feet
Brandywine Realty Trust has signed leases totaling 374,000 square feet in Cira Centre, a planned 28-story office tower located in the University City District of Philadelphia adjacent to Amtrak’s 30th Street Station.
Signed leases include a 245,000-square foot lease by international law firm Dechert, a 109,000-square foot lease by intellectual property law firm Woodcock Washburn, and a 20,000-square foot headquarters lease by Attalus Capital, a locally-based hedge fund and private equity firm.
“Cira Centre creates a true connection point between University City, the suburban office market and the traditional central business district,” Brandywine CEO Gerard H. Sweeney said in a statement.
Radnor, Pa.-based Tactix Real Estate Advisors represented Dechert and Woodcock Washburn in their lease transactions. GVA Smith Mack’s Center City office represented Attalus Capital.
Designed by Cesar Pelli, Cira Centre will consist of 690,000 square feet of office space and 37,000 square feet of conference, retail space and related amenities for a total of 727,000 square feet. The average floor-plate size will be 27,300 square feet. Amtrak’s 30th Street Station is the third busiest train station in the country with approximately 3.8 million passengers per year.
Construction of the building will begin soon and is expected to be completed in the fourth quarter of 2005.
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