May 23, 2005

Written by Jennifer Topper

Three Lease 21,000 SF at 1760 Market

AlliedBarton Security, Philadelphia Trust Co., and Philadelphia Private Capital Deals Boost Occupancy to 87%

The 123,359-square-foot office building at 1760 Market St. proves that an ideal location boosts business. The property is now home to three new tenants bringing the occupancy rate to 87%.

AlliedBarton Security Services leased 9,152 square feet, the entire 14th floor. The deal is beneficial to all sides including other tenants within this location because AlliedBarton is the security company for the property. The property at 1760 Market St. is the perfect setting for the Philadelphia office due to its prime location in Center City. Peter Soens of Seligsohn Soens Hess represented the landlord. J. Anthony Hayden and Jim DiBianca of Beacon Commercial Real Estate represented the tenant.

Philadelphia Trust Co. leased 8,834 square feet, the entire second floor. The allowance to lease a full floor was very attractive for Philadelphia Trust due to the nature of the company: providing financial management to investors and firms. Peter Soens of Seligsohn Soens Hess represented the landlord. J. Anthony Hayden and Jim DiBianca of Beacon Commercial Real Estate represented the tenant.

Philadelphia Private Capital Corp. signed a lease for space on the ninth floor measuring 2,954 square feet. Tom Bond of Geis Realty represented Philadelphia Private Capital Corp.