Ahead of the COVID-19 outbreak, Morgan Lewis signed a lease for a 305,000-square-foot built-to-suit to be developed by Parkway Corporation at their 2222 Market Street site.
Hana committed to a site at 1818 Market Street. This is the flexible office space operator’s first location within the greater Philadelphia market.
Occupancy gains were significant, especially within the suburban Philadelphia office market where more than 375,000 square feet were absorbed.
Capital market sales enjoyed a spike as a result of Prologis’s acquisition of Liberty Property Trust. But other players, including foreign investors, also added to a strong quarter of sales volume.