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JLL will market the first large block of trophy office space in Center City Philadelphia
PHILADELPHIA – May 25, 2017 – Oliver Tyrone Pulver Corporation (OTP) has announced that commercial real estate firm JLL will be the exclusive leasing agent for a new trophy office tower to be constructed at 1301 Market Street. The 840,000 square foot, 38-story office tower located at the region's transit and business center is slated for occupancy as early as mid-2020.
The new office tower will be located adjacent to Philadelphia City Hall, at the convergence of commuter rail, subway and bus lines, and underground concourses. It will connect the established Market West business district with the burgeoning Market East sector and Midtown Village amenities such as restaurants and residential communities.
Leading the leasing efforts for JLL will be Senior Vice President Todd Monahan and Executive Vice President Drew McGowan. "We are thrilled to be a part of Philadelphia's next great office development," said Monahan. "Our research indicates that there is strong demand in today's market for modern office product where the perceived rent premium for new construction is offset by productivity gains generated through an accessible, healthy, efficient and flexible office environment. 1301 Market's central location and proximity to Midtown Village and the reemergence of East Market will be magnets for talent and provide employers with a competitive advantage."
"We are pleased to have JLL as our partner in bringing this important new office tower to the Philadelphia market," said Donald Pulver, president of OTP. "The building uses the latest commercial design and technologies to create the most productive workspace available today, delivering huge, long-term value to employers. We know that large windows, views, fresh air, accessible and collaborative spaces, on-site public transit and healthy amenities all contribute to a significant increase in employee productivity and satisfaction. JLL will do a great job sharing this beautiful, ultra-productive office tower with business leaders."
Designed by Skidmore, Owings & Merrill, 1301 Market will offer sophisticated urban design, highly efficient building systems and state of the art office environments enabling employers to maximize productivity and attract and retain top talent from throughout the region. The building's floor to ceiling windows will maximize natural light and provide panoramic city views. Continuing the aesthetic at street level, a glass-enclosed podium will feature a double-height boutique lobby and fifth floor rooftop terrace.
Additionally, 1301 Market will feature:
For more information on 1301 Market Street, visit http://www.jll.com/philadelphia/en-us.
About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About Oliver Tyrone Pulver Corporation
Oliver Tyrone Pulver Corporation, headquartered in West Conshohocken, Pennsylvania, is a privately held commercial real estate development firm with a 45-year history of developing over 14 million square feet of premier office space in the cities and suburbs of Philadelphia, Pittsburgh, Cleveland, and Chicago. In Center City Philadelphia, Oliver Tyrone Pulver Corporation developed and/or consulted on 1234 Market Street, 1600 Market Street, Mellon Bank Center, Ten Penn Center, One Parkway, and Philadelphia Family Court. Visit www.olivertyronepulver.com for more information.
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