Bala Office Space

Bala Office Space

Wolf Commercial Real Estate (WCRE), specializes in representing Bala office space for buyers, tenants, investors and sellers throughout the greater Bala Cynwyd region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Bala Cynwyd office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Bala Cynwyd commercial real estate services, the team at our Bala commercial real estate brokerage firm provides ongoing detailed information about Bala Cynwyd office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Bala Cynwyd commercial real estate services encompass the highest quality of service and proven expertise.

Bala Office Space Owner Representation

WCRE, a leading Bala Cynwyd commercial real estate broker, helps owners of Bala office space for sale or lease put tenants or buyers in their properties through a defined marketing process that is tailored to each property and sub-market. Our proven marketing strategy is implemented by commercial real estate professionals who are experts in the Greater Bala Cynwyd-area office markets, providing the unparalleled levels of Bala Cynwyd property owner representation. As a premier Bala Cynwyd commercial real estate brokerage firm, we treat your Bala Cynwyd office properties as if they were our own and we work closely with you as part of our total commitment to client-focused relationships.

Bala Cynwyd Tenant Representation

For companies and individuals seeking to lease or acquire new Bala Cynwyd office properties, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the greater Bala Cynwyd area or anywhere in the country. Through our Bala Cynwyd tenant representation services, we ensure that the sale or lease terms of the Bala Cynwyd office space or any other new property are tailored to meet your goals. As a full-service Bala commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Bala office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Bala Cynwyd office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact Jason Wolf (215-799-6900-office; 215-588-8800-cell; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, the premier Bala commercial real estate brokerage firm.

About Us

Wolf Commercial Real Estate is a Bala Cynwyd commercial real estate broker that provides a full range of Bala Cynwyd commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the greater Bala Cynwyd area and beyond. Please visit our websites for information about our Bala Cynwyd commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Bala commercial real estate broker.

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Pep Boys Inks Lease Deal in Bala Cynwyd

Pep Boys Auto Bala Cynwyd PA

An office lease was confirmed in Bala Cynwyd, Pennsylvania, where Pep Boys is moving to 1 Presidential Blvd. 

The company is expected to take occupancy of 35,950 square feet at the four-story, 133,383-square-foot office building in the second quarter of 2022.

*Article courtesy of Costar

For more information about Bala office space for sale or lease in Bala Cynwyd or about any other Bala Cynwyd  properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier   Bala Cynwyd commercial real estate broker that provides a full range of   Bala Cynwyd commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other  Bala Cynwyd commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Bala Cynwyd  commercial properties for lease or sale through our Bala Cynwyd commercial real estate brokerage firm.

Bala Cynwyd poised to follow lead of KoP, Conshohocken on development boom

Tishman Speyer Properties is forging ahead with its plans to develop 2.1 million square feet of new space in Bala Cynwyd that would transform that section of Lower Merion over the next 25 to 30 years.

The New York real estate company envisions building 757 new apartments, 720,000 square feet of additional office space, a 168-room hotel, retail space along with a 12-acre park and amphitheater on 61 acres its owns at Bala Plaza office complex. The existing office buildings would remain and the development would occur around them.

“It’s essentially a sea of asphalt,” said Al Fuscaldo, an attorney representing Tishman during a presentation before the township on Oct. 25.

Tishman has been working on these plans for the last several years. It received tentative sketch approval in 2019 and is now going through the preliminary plan development approval phase. 

The Tishman plan is not the only one under consideration that has potential to dramatically change Bala Cynwyd and lead to the infusion of what could end up being hundreds of million of dollars in investment. It would join other Montgomery County communities, such as King of Prussia and Conshohocken, which experienced unprecedented development over the last decade, completely transforming them. 

*Article courtesy of Philadelphia Business Journal

For more information about Bala office space for sale or lease in Bala Cynwyd or about any other Bala Cynwyd  properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier   Bala Cynwyd commercial real estate broker that provides a full range of   Bala Cynwyd commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other  Bala Cynwyd commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Bala Cynwyd  commercial properties for lease or sale through our Bala Cynwyd commercial real estate brokerage firm.

Former NBC10 studio on City Avenue sells to secretive investment firm

An affiliate of Susquehanna International Group has purchased the former NBC10 television studio in Bala Cynwyd. 

The building at 10 Monument Road, which also goes by the address 393 E. City Ave., was sold for an undisclosed amount. The purchase price wasn’t available through public records.  https://a31a4ad9294b5ba48ba86b0526567cf2.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html Comcast Corp. put the property up for sale in early 2017 as NBC prepared to relocate its broadcasting studios to the new Comcast Technology Center at 18th Street and John F. Kennedy Boulevard in Center City. Susquehanna, a secretive and fast-growing investment company that is one of the country’s largest independent securities trading firms, had been an early contender for the property. A representative from the company confirmed it bought the building and said it has no immediate plans for the property. 

Ten Monument was a strategic buy for Susquehanna. In 2001, the firm paid $100 million for a 400,000-square-foot office building at 401 City Ave. and turned it into its headquarters. Built in 1989 by the Fox Co., the building has unobstructed views of the Philadelphia skyline and Fairmount Park and is across the street from 10 Monument. 

The three-story, 97,614-square-foot former NBC10 studio building at the corner of Monument Road and City Avenue had served as a broadcasting studio since 1952 when it was owned by CBS. It is among the first such structures built solely for television broadcasting and production. In addition to NBC10, Telemundo had maintained its studios in the building. Both stations are owned by Comcast and relocated to its skyscraper at 18th and Arch streets.

The property is in a high-profile location and sits within an area of City Avenue that was rezoned to attract denser, more pedestrian-friendly mixed-use development. The building sits on 5.12 acres.

*Article courtesy of Philadelphia Business Journal

For more information about Bala office space for sale or lease in Bala Cynwyd or about any other Bala Cynwyd  properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier   Bala Cynwyd commercial real estate broker that provides a full range of   Bala Cynwyd commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other  Bala Cynwyd commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Bala Cynwyd  commercial properties for lease or sale through our Bala Cynwyd commercial real estate brokerage firm.

Cardone’s vacant HQ in Bala Cynwyd is finally up for lease

Cardone Industries will not occupy a new 53,920-square-foot building in Bala Cynwyd as its new headquarters and will instead try to find another tenant to sublease the space.

The building at 15 Kings Grant Drive adds to a growing list of companies subleasing all or a portion of their offices due to operational changes or as a result of the pandemic. The coronavirus has led most companies to institute work-from-home policies and, as their offices sit empty, prompted them to re-evaluate how much space they actually need. Other firms have determined they don’t need the space for other, sometimes financial, reasons. 

For example, Hamilton Lane has decided to sublease 27,000 square feet, or a single floor, at Seven Tower Bridge in Conshohocken, where it will relocate its headquarters. The investment firm initially leased 130,000 square feet for a new headquarters at the building under construction but now expects to occupy roughly 100,000 square feet. The company said it was as a result of the coronavirus and changing its need for all of the space. It anticipates to implement a hybrid remote and in-office model, when it does eventually move in and, therefore, doesn’t need as much space. 

Bryn Mawr Trust (NASDAQ: BMTC) intends to sell a building and terminate leases on two otherslocated across the street from its headquarters on Lancaster Avenue in Bryn Mawr by the end of the year. The company plan to allow more of its employees to work from home on a permanent basis post pandemic, prompting it to reevaluate its real estate needs. The changes means it will cut its footprint by 33,000 square feet.

Cardone signed a 15-year lease in 2018 at the Kings Grant office building, which is owned by Keystone Property Group, a Conshohocken-based real estate company. Keystone secured a $14.75 million loan and launched a $15 million gut renovation to the vacant property in anticipation of the used-auto parts re-manufacturer moving into it. 

The building has all new windows, doors, HVAC, electrical and mechanical upgrades, landscaping and a new parking structure. 

Cardone’s relocation of its headquarters from Northeast Philadelphia to Bala Cynwyd was first thrown into doubt in early 2019 when the Cardone family relinquished ownership of the company to Brookfield Asset Management. That’s when a move to Bala Cynwyd was put on hold while Brookfield evaluated various aspects of the auto parts re-manufacturer.

By August 2019, when Cardone was supposed to make the move to Bala and didn’t, the market was convinced no move would happen at all. The company had two options: Cardone could not move in and meet its lease obligations to pay rent and leave the building vacant; or not move in and find a new tenant to sublease the space. It went with the latter.

*Article courtesy of Philadelphia Business Journal

For more information about Bala office space for sale or lease in Bala Cynwyd or about any other Bala Cynwyd  properties for sale or lease, please contact WCRE at 215-799-6900.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier   Bala Cynwyd commercial real estate broker that provides a full range of   Bala Cynwyd commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other  Bala Cynwyd commercial properties for buyers, tenants, investors and sellers.

Please visit our websites for a full listing of Bala Cynwyd  commercial properties for lease or sale through our Bala Cynwyd commercial real estate brokerage firm.

Multinational Insurance Firm Signs Office Lease in Bala Cynwyd, Pennsylvania

Multinational insurance firm AXA Advisors leased 39,382 square feet at Keystone Property Group’s Class A GSB Building in Bala Cynwyd, Pennsylvania.

The 12-story structure at 1 Belmont Ave. totals 245,000 square feet. Built in 1959 and renovated in 2017, the 4-Star property spans eight acres less than 15 miles from Philadelphia International Airport.

For companies and individuals seeking to lease or acquire new Bala Cynwyd office space, Wolf Commercial Real Estate will identify the office space that best suits your needs, whether in the Greater Philadelphia area or anywhere in the country. Through our Bala Cynwyd  Tenant Representation services, we ensure that the sale or lease terms of the Bala Cynwyd office space or any other new property are tailored to meet your goals. As a full-service Bala Cynwyd commercial real estate broker, we assist in the relocation analysis process from start to finish, facilitating a smooth transition into your new Bala Cynwyd office space and serving as your strategic partner invested in your long-term growth and success.

For more information about Bala Cynwyd office space for sale or lease or about commercial properties for sale or lease elsewhere in the United States, please contact the team at Wolf Commercial Real Estate, the premier Bala Cynwyd commercial real estate brokerage firm at 215-799-6900.

CRE Execs Balance Tax Reform Optimism with Interest Rate Concern

Trends Graph

With a commercial real estate executive now in the White House, 69 percent of the CRE executives responding to a recent survey said they expect President Trump will have an overall positive impact on the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – in 2017.

Rising interest rates continue to dominate concerns for executives in the U.S. and Philadelphia commercial real estate markets in 2017. Almost all survey respondents (98 percent) expect at least one interest rate increase this year, and 77 percent expect multiple rate increases in 2017.

This report on national and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

An overwhelming majority (83 percent) of respondents to the survey by the Seyfarth Shaw law firm said they are not concerned an act of domestic terrorism will impact their projects involving U.S. and Philadelphia commercial real estate properties in 2017, compared to 70 percent last year.

In addition, CRE execs polled by the law firm believe “deregulation” and “tax reform” may provide immediate and positive impacts for the industry in 2017. Notably, many survey respondents singled out the new administration’s position on dismantling much of the regulatory infrastructure enacted under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act as potentially spurring a new investment boon involving both national and Philadelphia commercial real estate listings.

But along with increased optimism industry execs also are reporting increased investment risk in the CRE market.

The unusual combination of optimistic outlook with wariness over interest rates and other expected changes in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – appears to stem from concerns about rolling back lending safeguards, but also from uncertainty about which of the proposed changes will be enacted and when they’ll go into effect.

In one example of how this greater sense of risk appears to be playing out in relation to U.S. and Philadelphia commercial real estate listings can be seen in recent 10-K and Annual Report filings by REITs and real estate operating companies. Reporting companies are increasingly updating the “Risk Factors” sections of those reports to reflect the numerous possible policy changes and positions associated with the new Trump administration.

President Trump’s name has shown up in the Risk Factors’ section in 40 of 194 real estate-related 10-Ks filed this year through the end of February, a 21% rate, said a CoStar News analysis. By comparison, President Obama’s name showed up in just nine out of 378 real estate related 10-Ks in the first three months of 2009, his first months in office, a 2% rate.

For more information about Philly office space, Philly retail space and Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com), Christopher R. Henderson (chris.henderson@wolfcre.com), Tony Banks (tony.banks@wolfcre.com) or Drew Maristch (drew.maristch@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly office space, Philly retail space and Philly industrial space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

 

Wolf Commercial Real Estate (WCRE), specializes in representing Bala office space for buyers, tenants, investors and sellers throughout the greater Bala Cynwyd region.

Strategically located between New York City and Washington, D.C., and easily accessible via a major international airport, Amtrak’s north-south corridor and several major highways, Bala Cynwyd office space offers global, national and regional companies a highly desirable location in which to conduct business.

As experts in Bala Cynwyd commercial real estate services, the team at our Bala commercial real estate brokerage firm provides ongoing detailed information about Bala Cynwyd office properties to our clients and prospects to help them achieve their real estate goals. At Wolf Commercial Real Estate, our Bala Cynwyd commercial real estate services encompass the highest quality of service and proven expertise.

Wolf Commercial Real Estate is a Bala Cynwyd commercial real estate broker that provides a full range of Bala Cynwyd commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land parcels and retail buildings for buyers, tenants, investors and sellers in the greater Bala Cynwyd area and beyond. Please visit our websites for information about our Bala Cynwyd commercial real estate services for office space, retail space, medical space, investments, industrial space or land for sale or lease, or for information about other commercial real estate listings and commercial real estate services from Wolf Commercial Real Estate, the leading Bala commercial real estate broker.

Bala Cynwyd Office Market Appears to be on the Rebound

Trends Graph

Bala Cynwyd’s office market, while not currently experiencing five percent rent growth, currently is experiencing its highest occupancy rate in 15 years – 92 percent – and has seen gradual tightening annually since 2010.

Coming out of the Great Recession, Bala Cynwyd struggled to compete for office tenants in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – with nearby suburbs like Conshohocken or Radnor, both of which offer prospective lessees a larger stock of newer or more recently renovated office properties.

However, a gradual progression of development and renovation projects in the national and Philadelphia commercial real estate markets has helped Bala Cynwyd reassert its competitive edge.

This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

The 2007 opening of a 120,000 square foot Target across City Line Avenue from Bala Cynwyd added an additional anchor for retail traffic to the area’s national and Philadelphia commercial real estate properties. That new Target had helped support a range of popular restaurants along the periphery of the relatively new shopping center, including California Pizza Kitchen, Naf Naf Grill and Starbucks.

Since then, more than 750,000 square feet of office space comprising U.S. and Philadelphia commercial real estate listings has been renovated along the portion of City Line Ave., stretching from Interstate 76 to the Bala Regional Rail Station at Conshohocken Road. Lower Merion Township also approved new zoning ordinances to promote dense, mixed-use, and transit-friendly development, and Post Brothers renovated and up-scaled roughly 1,000 apartment units at Presidential City.

Office owners in this area of the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – are beginning to see the benefits of these upgrades as existing financial tenants such as Investedge and Allied Mortgage both chose to stay in Bala Cynywd and expand their office space within the submarket during 2017.

For more information about Philly office space, Philly retail space and Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly office space, Philly retail space and Philly industrial space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Comeback Underway in Bala Cynwyd Office Market

Bala Cynwyd’s office market may not be exhibiting a red-hot leasing environment or five percent rent growth, but the area’s occupancy rate, currently at 92 percent, has been gradually tightening since 2010 and now is near its highest levels in 15 years.

Coming out of the Great Recession, Bala Cynwyd struggled to compete for office tenants with nearby suburbs such as Conshohocken or Radnor, both of which offer prospective lessees in the U.S. commercial real estate market – including Bala office space – a larger stock of newer or more recently renovated office properties.

However, a gradual progression of development and renovation projects in the national and Bala commercial real estate market has helped Bala Cynwyd reassert its competitive edge.

This report on U.S. and Bala commercial properties is being made through Bala commercial real estate broker Wolf Commercial Real Estate, a Bala commercial real estate brokerage firm.

The 2007 opening of a 120,000 square foot Target across City Line Avenue from Bala Cynwyd added an additional anchor for retail traffic among various national and Bala commercial real estate properties. The Target had helped support a range of popular restaurants along the periphery of the area, including California Pizza Kitchen, Naf Naf Grill, and Starbucks.

Since then, more than 750,000 square feet of office space among the area’s U.S. and Bala commercial real estate listings has been renovated along the portion of City Line Avenue, stretching from Interstate 76 to the Bala Regional Rail Station at Conshohocken Road. Lower Merion Township also approved new zoning ordinances to promote dense, mixed-use, and transit-friendly development, and Post Brothers renovated and up-scaled roughly 1,000 apartment units at Presidential City.

Office owners in this area of the U.S. commercial real estate market – including Bala office space – are beginning to see the benefits of these upgrades as existing financial tenants such as Investedge and Allied Mortgage both chose to stay in Bala Cynywd and expand their office space within the submarket during 2017.

For more information Bala commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Bala commercial real estate broker that specializes in Bala office space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Bala commercial real estate brokerage firm that provides a full range of Bala commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Bala commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Bala commercial real estate broker with expertise in Bala commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Bala office space with the Bala commercial properties that best meets their needs.

As experts in Bala commercial real estate listings and services, the team at our Bala commercial real estate brokerage firm provides ongoing detailed information about Bala commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Bala office space for sale or lease, Wolf Commercial Real Estate is the Bala commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Bala commercial properties for lease or sale through our Bala commercial real estate brokerage firm.

4 Things The Best 401(k)s Share

“Index funds represent almost 41% of assets in the list, a 6% rise since last year,” Brightscope found. While index fund investing, ideally, should be more than 80% of 401(k) assets, this is an encouraging number. The lower the “expense ratio” or annual management fee on the funds within your 401(k), the more you can save. Remember that management expenses come directly out of your kitty. Focus on improving the plan you have. But the key to making it work is to save as much as you can every year — at least 15% of your salary.

 

Key Takeaways:

  • Every year, the research firm Brightscope rates the best 401(k) plans. It searches far and wide and scans the filings of thousands of companies.
  • If your 401(k) doesn’t have a full array of the lowest-cost index funds, ask for them.
  • The best plans put some money on the table in the form of matching contributions, which average $13,000 per worker in the Brightscope survey.

“Funds that cover global stocks, bonds and cash should be staples.”

Read full article here