Tuesday, May 24, 2005

Cira Centre: 90% Leased

The office tower being constructed adjacent to 30th Street Station in Philadelphia – the first ever in University City - is almost fully leased out (see story). Out of 730,000 square feet, 412,000 square feet will be filled by tenants moving from within Center City. The remainder of the space will be filled by companies from outside the City and State. McKinsey & Company - an international consulting firm based in New York - will open its first Philadelphia office at the Cira Center. For those not in the consulting business, getting McKinsey in town is a big deal. It’s another indication that large, prestigious international businesses want to be in an urban setting that is economically and socially vibrant; America’s Hometown, Philadelphia, PA.

1 comment:

Anonymous said...

with the generous tax breaks you get when you sign the lease, courtesy of a city that can't afford such largesse, is there any doubt why it's 90 % occupied?

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