Ally Center’s retail space nearly filled; two restaurants to sign leases
Published: March 2, 2011
Time posted: 9:34 am
Tags: Ally Center, Merrifield Patrick Vermillion, Peter Conway, Rubenstein Partners, Trinity Capital Advisers, Trinity Partners
The Ally Center, a 15-story uptown office tower, is close to filling its vacant retail space, with two restaurants slated to move in.
That’s according to Peter Conway, co-managing partner for Trinity Partners, a subsidiary of Trinity Capital Advisers, which owns the 365,000-square-foot building at 440 S. Church St.
Trinity Partners manages and leases the office space at the building. TCA hired Merrifield Patrick Vermillion to lease the retail space, Conway said.
Ally Center has 6,976 square feet of retail space, he said.
City Sundries and Cleaners leases 715 square feet, and two restaurant tenants are expected to sign leases in the next week or so for a total of 6,251 square feet, he said.
The building has four office tenants, including Trinity Partners, which moved in December 2009. The biggest tenant is Ally Bank, which between December 2009 and last month moved into the building’s top five floors. The bank occupies 133,000 square feet. The other tenants are HDR Engineering and Public Consulting Group.
Ally Center has a 44 percent vacancy rate, with about 163,000 square feet of vacant office space. TCA, along with Philadelphia real estate investment firm Rubenstein Partners, also owns NASCAR Plaza, which the two companies bought for an undisclosed amount in December.
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