facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Pennsylvania

/

Office

/

Lease

/

2001 Market St Philadelphia...

Fox Rothschild Signs 15-Year Lease For 79,337 SF Office Space At 2001 Market Street In Philadelphia
LEASEDOffice

Fox Rothschild Signs 15-Year Lease For 79,337 SF Office Space At 2001 Market Street In Philadelphia

2001 Market St Philadelphia, PA 19103, USA

$33

$33/SF

Building Size

79,337 SF

Asset Type

Office

Closing

Jul 7, 2023

AI

Law firm Fox Rothschild is moving its Philadelphia office to 2001 Market St., signing a 15-year lease for 79,337 square feet. The firm will be leasing the property at an asking rent of $33.21 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 2001 Market Street
  • Market: Philadelphia

Todd Rodriguez, a representative from Fox Rothschild, played a key role in negotiating the 15-year lease for the new office space. The move is part of the firm's optimization strategy, as it aims to reduce its footprint and improve operational efficiency. Fox Rothschild currently has a lease at its current location that runs through 2025.

Players

Todd Rodriguez

Fox Rothschild

Tenant

2 deals

Tenant

Philadelphia Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

480696.97%

Cash-on-Cash

-137384.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93