Newmark Knight Frank Smith Mack Announces Several Renewals/Expansions and New Deals at 1818 Market Street in Philadelphia, PA

Newmark Knight Frank Smith Mack (02/11/2010) - Philadelphia, PA - February 8, 2010 - Newmark Knight Frank Smith Mack is pleased to announce several renewals/expansions and new leases within 1818 Market Street. Zarwin Baum Devito Kaplan Schaer Toddy PC signed a new lease for 24,378 SF; Stevens & Lee, P.C. renewed and expanded into a total of 18,099 SF; Pietragallo Gordon Alfano Bosick & Raspanti renewed 16,412 SF; Kogan, Trichon & Wertheimer, P.C. renewed 10,691 SF; Michael Baker Jr., Inc. renewed and expanded into 5,728 SF; Firstrust Financial Resources, LLC signed a new lease for 5,632 and IDP Education, LLC signed a 4,937 SF new lease, for a total of 85,877 SF within the 1818 Market Street business community.

"We welcome Zarwin Baum and IDP Education to our 1818 Business Community and are ecstatic to retain the existing tenants, who have renewed their leases and will continue to be an integral part of our community," says Jim Mullarkey, Partner of Newmark Knight Frank Smith Mack.

Home to many of Philadelphias top corporate tenants, 1818 Market Street boasts a prime center city location with extensive tenant amenities and stunning renovations that have ranked it among the citys leading office buildings. The 37-story Class 'A' office towers central location is enhanced by superb views of the city and beyond.

"We are delighted with the continued commitment of these exceptional companies to 1818 Market Street. They are the heartbeat of our property. They help to make our business community the vital and productive place it is today," says Mike Waddell, Senior Vice President, Asset Management of Grubb & Ellis Realty Investors, LLC.

Jim Mullarkey, Bill Finnegan and Les Haggett of Newmark Knight Frank Smith Mack's Philadelphia office represented Grubb & Ellis Realty Investors, LLC, owner sponsor of the property, as the exclusive leasing agent of 1818 Market Street.

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