The cable company is seeking 65,000 to 75,000 square feet
off additional space, according to people familiar with the matter. The company
also wants the ability to expand if it needs to and that means just a few
downtown office buildings can accommodate that arrangement. The short list of
properties that could handle that assignment include 11 Penn Center, 10 Penn
Center, Centre Square and Two Logan Square.
What’s more is it wants the space soon — beginning in
October. Comcast would like to lease the space until the end of 2018 when its
new Comcast Innovation & Technology Center is scheduled to be completed.
The space need isn’t related to the proposed merger with Time Warner Cable but
growth the company is experiencing, said people with knowledge of the
situation.
This isn’t the first time Comcast has needed to lease some
additional room since there’s no room left at Comcast Center. It occupies
200,000 square feet at Three Logan Square and 90,000 square feet at Centre
Square.
The company has committed to approximately 1 million square
feet at the new Comcast Innovation Center and has rights to grab an additional
300,000 square feet at the building until September of 2015.
Source: Philadelphia
Business Journal
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