commerce square commerce square class high rise office building complex pennsylvania united_states commerce square consists commerce square identical story office towers feet high surround paved courtyard square feet granite clad towers feature setbacks north south sides building topped pair stone diamonds squares center towers built office building boom philadelphia experiencing late 1980s designed called towers developed joint venture leased half commerce square company mid-atlantic headquarters construction phase included commerce square plaza retail space began completed project second phase commerce square begin lead tenant secured building agreed commerce square lead tenant skyscraper corporate headquarters year search office space region commerce square ended skyscraper construction boom 1980s completed office skyscraper built philadelphia built centre 1990s commerce square lead tenants reduced presence dramatically towers moved operations philadelphia early 1990s bought later decade operations moved philadelphia 2000s commerce square praised mainly design towers surrounding plaza renowned philadelphia urban praised commerce square plaza saying prove finest commercial projects built century history commerce square office building boom took place late 1980s philadelphia pennsylvania boom numerous constructed west market street neighborhood million development commerce square led managing partner los_angeles project moving engaged architectural firm called design complex design leading architectural firm incentive approached company past associations early november negotiations agreed joint partner development agreed serve lead tenant commerce square occupying half building headquarters mid-atlantic region commerce square split buildings commerce square built second tower commerce square built later lead tenant secured plans commerce square officially announced november press conference held phase project included commerce square retail restaurant space plaza underground parking garage construction began phase june commerce square topped ceremony june skyscraper officially opened october indicated wanted consolidate offices spread philadelphia office building proposals developers building house corporate headquarters march sought numerous developers philadelphia suburbs announced floors commerce square lead tenant secured construction identical tower commenced july commerce square completed july began moving approximately employees september year commerce square marked end skyscraper boom 1980s office skyscraper built philadelphia office building boom 1980s 1990s saw office resulted numerous reduced rates struggling financially workforce consolidating operations nationwide plans included moving local employees city initially occupied nearly half commerce square fifth building thomas partners split leaving ownership commerce square thomas properties group split mortgage financing commerce square towers successfully debt commerce square unable debt commerce square prime mortgage holder break filed chapter bankruptcy protection parent company owned commerce square emerged bankruptcy reorganization early company concerns filling space soon vacated october bought merger concluded offices employees began moved building merger deal absorbed year lease csx responsible paying lease square feet space cost offices phased commerce square filled newly vacated space new tenants commerce square philadelphia austin announced december closed previously announced transactions acquire remaining common ownership interest commerce square commerce square million acquire points centre related land parcels austin texas million philadelphia trophy office towers certified result extensive capital redevelopment program commerce square central plaza includes ground level retail restaurants foot showcasing latest local international art innovation space underground garage dancing fountain integrated led light system foot led entrance serves courtyard centerpiece crown jewel capital redevelopment program completely unique city serves grand stage visual arts creating entertaining atmosphere free tenants guests restaurant patrons visitors enjoy aesthetically pleasing content carefully selected house curator sixteen surround sound speakers content playing creating true urban oasis city assumed management responsibilities including property management funded acquisition including closing adjustments assumption million existing mortgage debt balance available corporate funds stipulated asset million square foot valued million square foot consists story buildings totaling square feet austin northwest gold buildings built currently leased land parcels acquired million entitled build square feet office space funded acquisition available corporate funds delighted complete transactions parkway thomas teams closing transaction stated president chief executive officer commerce square currently occupied providing significant occupancy rental rate growth opportunities acquisition consistent stated objective increasing overall revenue contribution urban town center properties acquisition land parcels expands operating platform provides quality addition austin portfolio attractive price value add development opportunity architecture located west market street philadelphia pennsylvania commerce square comprises twin story feet office towers designed commerce square covers entire block 20th 21st streets commerce square contains square feet includes square feet office space square feet lobby square feet car parking garage pale gray granite clad feature setbacks north south sides building floors containing square feet upper floors square feet floors feature large floor space design influenced needs 1980s towers topped pair standing stone diamonds squares center towers separated square feet paved courtyard tables chairs arranged large pink granite circular fountain plaza center plaza designed impressed commerce square plaza philadelphia city planning commission included influences complex new building code governing open space reception commerce square praised design towers surrounding plaza philadelphia_inquirer said positive aspect avoids developers shopping makes real urban place expresses great confidence philadelphia important idea living cities renowned philadelphia urban praised commerce square plaza saying sensitivity urban design beautifully demonstrated design lobby level including splendid garden commerce square 20th market streets think prove finest commercial projects built century tenants commerce square main tenant moved skyscraper opened initially occupied nearly half commerce square decades consolidation reduced company presence building tenants commerce square include office space commerce square commerce square opened square feet tower corporate headquarters bought csx share square feet tower today commerce square center accounting consulting firms largest occupies square feet occupying tower opening professional services firm leased square feet tower relocating commerce square early related firms include square feet tenants fill tower include 14th 15th floors square feet engineering firm occupies square feet company moved square feet fourth floors raising commerce square occupancy percent
Commerce Square