Top Law Firm Chooses to Stay Center City When Doubling Office Space to 31,609 SF

Philadelphia, PA - (12/08/05) - IPC US REIT, along with leasing partner, NAI Geis Realty Group, Inc. is pleased to announce that the law firm of Cohen Seglias Pallas Greenhall & Furman, P.C. (represented by A MARGOLIS Realty Co.) recently signed a long-term lease for 31,609 square feet in the United Plaza, located at 30 S. 17th Street in Center City. The firm's new office occupies the entire 19th floor, and more than doubles their previous location at 1515 Market Street.

Although the firm moved only blocks away, United Plaza was worth the trip. Originally built in 1975, United Plaza's lobby and landscaping were extensively renovated, spurring its 2004 "The Office Building of the Year" (TOBY) award for best renovation by the Building Owners and Managers Association (BOMA). As the firm has quadrupled in size in less than 10 years, United Plaza's large floorplate and virtually column free interior has allowed the firm to expand their space, yet remain contiguous on one floor.

In addition to breathing room for its 40 plus lawyers, the new space has allowed the firm to expand their copy center and includes eleven conference rooms. The largest conference room is wireless enabled and has videoconferencing capability to facilitate virtual meetings and training sessions As an added bonus, the 19th floor also offers spectacular views of the city, as the high window line is free of obstructions and enables glass to run from floor to ceiling. Cohen Seglias is a leading firm in construction law and provides a full range of construction law services. In addition, the firm's Labor and Employment Group counsels management in labor and employment relations. The Business Practice Group offers services in real estate, commercial transactions, tax and estates and commercial litigation, along with specialties in elder law, special needs and guardianships. The successful firm also boasts accolades for many of its partners.

Awards include Law & Politics' "super lawyer" award for New Jersey and Pennsylvania, (five of the partners are multiple recipients); the Outstanding Lawyers of America award; a South Jersey Top Attorney in Construction law award from SJ Magazine; and a Philadelphia Business Journal's 40 Under 40 award. Many of the partners have also earned Martindale-Hubbell's highest rating from Lexis Nexis. The most prestigious awards have been earned on behalf of their clients, of course, which explains why the firm currently serves almost 400 area contractors throughout the Northeastern United States. In addition to its Philadelphia office, Cohen Seglias maintains locations in Haddon Heights, NJ; Wilmington, DE; Pittsburgh, PA; and Harrisburg, PA, which was recently opened in 2004.

Dean Geis, Tom Hummel and Tom Bond of NAI Geis Realty Group, Inc. represented the landlord, IPC US REIT. Stephen F. Blau and Andrew S. Margolis of A Margolis Realty Co represented Cohen Seglias Pallas Greenhall & Furman, PC.

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About IPC US REIT IPC US REIT is a growing owner and manager of U.S. commercial properties, principally Class A office buildings, in mid- to large-sized cities and strong suburban markets. A prudent purchaser and an experienced asset and property manager, it is the only real estate investment trust in Canada to focus exclusively on U.S. properties. IPC US REIT manages and has ownership interests in 37 properties in the United States comprising over 10.4 million square feet of rentable area. For more information, visit the IPC US REIT website at http://www.ipcus.com About NAI Geis Realty Group NAI Geis Realty Group, Inc. is part of NAI Global, the world's leading managed network of more than 300 commercial real estate firms spanning the globe. Since 1978, NAI clients have built their businesses on the power of this expanding network. NAI Global's extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit http://www.geisrealty.com. About A MARGOLIS Realty Co About A MARGOLIS Realty Co A MARGOLIS Realty Co primarily focuses on representing commercial tenants in Philadelphia. To learn more, visit http://www.margolisrealty.com.