The Graham Co. has renewed its lease on 76,812 square
feet at the Graham building in Center City, which is where it has been an
anchor tenant for the last three decades.
The insurance brokerage and consulting firm signed a
10-year lease on the top eight floors of the 25-story building located at 30 S.
15th St. Even though it had several years remaining on its lease, the company
believed it was prudent to renew early as a result of the Center City market
“experiencing rising rents and a shrinking supply of quality, well-located
office space,” said SSH Real Estate in a statement.
Pete Soens of SSH represented the firm in the lease while
Michael Dolan of Stockton Real Estate Advisors represented the landlord.
As part of the renewal, Graham will get tenant
improvement funds to renovate its space. It has been in the building since it
was first constructed.
“We are thrilled with the outcome of this long-term lease
extension,” said Ken Ewell, president and COO of the Graham Co. said in a
statement. “This gives us the opportunity to immediately redesign, upgrade and
modernize our space, while also planning for efficient future growth in our
current footprint.”
Source: Philadelphia
Business Journal
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