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KPMG Relocates To 97,000-SF Office At 1735 Market Street In Philadelphia
LEASED
Pennsylvania
See Similar DealsOffice97,000 SF
Leased 09/13/2023
LEASED
KPMG Relocates To 97,000-SF Office At 1735 Market Street In Philadelphia
1735 Market Street Philadelphia, PA 19103, USA
See Similar DealsOffice97,000 SF
Leased 09/13/2023
Summary
PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:97,000 SF
Transaction Type:Lease
Silverstein Properties, led by Larry Silverstein, has leased a 97,000-square-foot office space located at 1735 Market Street in Philadelphia. The office space is part of an office building in the city's market area.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1735 Market Street, Philadelphia
- Market: Philadelphia
- Square Footage: 97,000
KPMG, represented by Bill Thomas, is the tenant that will be occupying the office space. They are relocating to this new office at 1735 Market Street since their current lease agreement at 1601 Market St. will expire in June. It is worth noting that this lease is the largest new office lease in the region since Chubb's agreement to occupy a 438,000-square-foot office earlier this year. This lease agreement by KPMG will result in a notable vacancy at 1601 Market.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,559,981.47
Total Lease Value
$55,599,814.66
Net Landlord Cash Flow$5,559,981.47
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