Philadelphia, PA— Newmark Grubb Knight Frank announced that it has facilitated a lease renewal of 179,307 square feet to Ballard Spahr LLP, a national law firm, at BNY Mellon Center (top left photo) in Philadelphia for a term in excess of 15 years.
Wayne Fisher, executive managing director and Craig Scheuerle, senior managing director, represented the landlord, CommonWealth REIT, and CBRE represented the tenant in this transaction. The property is managed by Reit Management & Research LLC, Real Estate Services.
Built in 1990, BNY Mellon Center is a skyline-defining trophy office building in Center City Philadelphia. Crowned with a distinctive pyramid, the building is one of the most recognizable in the region. Firms such as BNY Mellon, FMC Corporation and Sunoco are headquartered at the property, which has maintained occupancy rates over 90 percent since its construction.
For a complete copy of the company’s news release, please contact:
Monica Sparreo
312.698.6709
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