Stockton Real Estate Advisors, LLC Completes Ten Leases Totaling 43,000 SF at 1760 Market Street

Jim Paterno, founder of Stockton Real Estate Advisors, LLC announced the signing of over 43,000 square feet of office space at 1760 Market Street, including nine new leases and four renewals.  

1760 Market Street, a 126,000 square foot building at the corner of 18th & Market Streets, is owned by 1760 Market Partners, LP, a partnership of affiliates of Alterra Property Group (“Alterra”) and Stockton Real Estate Advisors (“SREA”). Recent renovations to the building include a redesign of the lobby, new exterior lighted canopy, landscaping, and upgraded common areas and tenant exclusive spaces. 

New to the recently renovated building, Security Risk Advisors explored a number of potential location options and found that 1760 Market fulfilled all the requirements needed for its cyber security consulting company.  Security Risk Advisors leased the entire 3rd floor of 9,152 square feet.  Ed O’Brien of First Base represented Security Risk Advisors in the transaction. 

Anderson Kill, P.C., a law firm specializing in insurance recovery, will be relocating from existing space at 1600 Market Street. Sandy Richardson of Colliers represented Anderson Kill in the 5,600 square foot lease transaction. 

Also relocating to 1760 Market Street early in 2017 is Kutak Rock, a national law firm with practice concentrations in business and corporate law, public finance, litigation and real estate law, and Capstone Law Group/Your Outsourced CFO, both of which will be moving in the first quarter of 2017. Dan Moller, exclusive leasing representative for the Landlord, 1760 Market Partners, LP, negotiated the 6,300 square foot Kutak Rock lease, and the 2,600 square foot lease with Capstone Law and Your Outsourced CFO.

Additional new leases totaling approximately 12,000 square feet that have been executed during the past 11 months include Burns Engineering (1,300 square feet), MissionOG (2,450 square feet), Marsha Brown Enterprises, the corporate headquarters for Ruth’s Chris Steakhouse (1,600 square feet), Locust Capital (2,750 square feet), Market Access Partners (550 square feet), and Metro Commercial Real Estate (3,300 square feet).

Strategic Staffing Solutions, FIRMA, Gordin & Berger, and Carlitz, Horn, Kohn & Pease renewed their leases for approximately 7,500 square feet in the building.

“1760 Market Street, located at the premier corner of 18th and Market Street, has been transformed over the past 12 months,” said Dan Moller. “1760 provides column-free design with lots of window line, efficient floor plates, and a perfect blend of location and value.”

“Our tagline of “Not Following Suit” captures the spirit of 1760’s repositioning, highlighting 18th Street’s pedestrian super-highway, which connects the fun and casual “live and play” vibe of Rittenhouse Square with the commerce and technology of Market West and the Comcast urban complex,” remarked Jim Paterno. “The repositioning has propelled occupancy of the building from 60% to nearly 90%.”

This article was featured in the Philadelphia Business Journal and the Mid Atlantic Real Estate Journal.