TDK commercial advisors announces over $2,500,000 in new transactions
Philadelphia, PA —Thomas Kramer, president of TDK Commercial Advisors (TDKCA), announced a series of newly completed office leases on behalf of several clients in Pennsylvania. TDKCA represented Roch Capital at the King Of Prussia Business Center in leasing more than 19,000 s/f to a variety of tenants. Neuma has leased over 4,200 s/f. The tenant will be moving into the 1009 building, and was represented by Mike Maloney of Newmark Knight Frank. Stylelabs, a technology company who is presently a tenant at the park has agreed to expand their presence by 2,400 s/f and entered into a long term extension. Kramer acted as sole broker in the transaction. Kramer remarked that “We continue to experience incredible leasing momentum at the King Of Prussia Business Center, these most recent transactions bring occupancy to over 80%. We expect to continue to fill the park with quality tenants over the coming months”. TDK Commercial Advisors also represented the owner of the Cast Iron Building, 718 Arch St. in Philadelphia, in completing over 18,000 s/f in transactions. Visions For Equality, a tenured tenant at the property, entered into a new long term renewal agreement for over 10,000 s/f at the project. LISC also executed a long term renewal of their lease for over 3,900 s/f. In the last transaction, The Philadelphia Education Fund signed a lease for over 4,400 s/f on the 7th floor of the property. The Philadelphia Education fund was represented by Joe Viterello of Perna Frederick Real Estate. TDK Commercial Advisors acted as sole broker in the former two transactions. Kramer stated that “The Cast Iron takes great pride in retaining its tenants and attracting leading area industries. Many of our existing tenants have been in the property for many years. These latest transactions are a testament to the quality of building ownership and management”. At 1730 Walton Rd., Blue Bell, TDK Commercial represented the landlord in leasing two spaces to new tenants. RGIS and Carmanico Maguire Associates will lease nearly 2,000 s/f at the property. 1730 Walton Rd. is a 30,000 s/f office building that recently underwent some comprehensive building renovations. RGIS was represented by CRESA and Carmanico Maguire Associates was represented by West Corporate Partners.