Digital firms lead office revival in Midtown Village

Investor Thyland Associates' 8-story Biddle Building, at 1217 Sansom in a long-dreary industrial/back-office block of Center City Philadelphia that was prematurely projected as the back end of a Hotel Indigo that didn't happen, has won new life as home to three hopeful young digital-economy companies, totalling 11,200 sq ft and $1.25M/year, says brokerage PernaFrederick.

Enterprise-mobility software-maker CloudMine, once a tenant at the Inquirer's digital incubator, is taking the sixth floor: PF's Joe Gummel rep'd the tenant. Boutique branding agency At Media is taking half the fourth floor: PF's Joe Viturello and Mike Anderson found it for the firm. Ark Ideas, a retailing ad-and-marketing agency, is taking the rest of the fourth floor; Keith Kiner represented landlord and tenant.

 

Midtown Village, best known as a residential neighborhood, "has become an office submarket, all to itself," said Kiner, who previously represented Goldman Properties. He added that the Biddle's high barrel-vaulted masonry ceilings and other historic features appeal to "mid-sized arts, cultural and technology businesses."

Source: Philly.com