PHILADELPHIA (Sept. 27, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it represented University Place Associates, LLC in its lease with the U.S. General Services Administration for 53,435 square feet of space to house the U.S. Citizenship and Immigration Services at 2.0 University Place (top left photo).
The 15-year lease is valued at $26 million.
Jack Soloff, Jr., senior vice president, Craig Scheuerle, senior vice president, and Matthew Guerrieri, associate vice president, all of the company’s Office Group, are the leasing representatives for the five-story, 96,916-square-foot building located at 30 N. 41st St. within one of the city’s Keystone Opportunity Zones. The property achieved LEED® Platinum pre-certification status in 2009.
“In today’s environment, green office buildings offer tenants a number of advantages, including cost efficiencies as well as a cleaner, healthier, more-productive work atmosphere,” said Soloff. “By leasing space within 2.0 University Place, the GSA was able to exceed the current administration’s LEED Gold standard for leasing new construction.”
Citizenship and Immigration Services, which is currently located at 1600 Callowhill, is expected to take occupancy of the first three floors of the building in December 2012.
“In addition to providing tenants a sustainable work environment, 2.0 University Place will have a significant impact on the neighborhood. GSA’s lease allows us to move forward with our commitment to revitalizing the Market Street corridor,” said Scott Mazo, partner, University Place Associates.
The building is located within one block from the El at 40th and Market streets, which connects commuters to the 30th Street Station in less than five minutes.
Todd Valentine (lower left photo), managing director of Studley, Inc., represented GSA.
A 15,000-square-foot lease with a private company is currently being negotiated at 2.0 University Place with approximately 25,000 square feet remaining available for lease.
For more information, contact Soloff, Scheuerle or Guerrieri at 215.561.8300.
Contact: Janice McDill, Phone 312.698.6707
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