Tenants Prepare to Move In at 2040 Market Street

Philadelphia, PA — PMC Property Group's recently redeveloped mixed-use property at 2040 Market Street is now ready for occupancy and welcoming its first new tenants. Leasing began in June 2012, and more than 30% of the capacity is already spoken for. The property offers tenants floor-to-ceiling windows, solar shades, a state-of-the-art bi-level fitness center, and the opportunity to live just a few blocks from Rittenhouse Square. Units on the Market Street side of the project enjoy views of the newly renovated Commerce Plaza, including the large outdoor television screen and water feature.

The property also has two confirmed retail tenants. The first is National Penn Bank, which will open a branch office with its own wealth-management team by early Spring 2013. The second is the Pennsylvania Liquor Control Board, which will open a new state store featuring a wine-tasting room and high-end wine and spirits, along with other traditional merchandise, by early Summer 2013.

“We are excited to welcome our first tenants to 2040 Market Street,” says leasing agent Chris Girard. “The response from prospective tenants has been overwhelmingly positive. The fact that the project is 30% leased while being about 70% complete demonstrates the uniqueness of the product.”

2040 Market Street, which is located at the southeast corner of 21st & Market Streets in Philadelphia's central business district, was built in 1967, and served for decades as the headquarters for AAA Mid-Atlantic before being acquired by PMC in early 2011.

Related stories:
Steel Topped Off at 2040 Market Street
PMC Making Progress on Turning AAA Building Into Philadelphia Apartments (Philadelphia Business Journal)
$53 Million Construction Financing Secured for Innovative 2040 Market Street Project