Updated: Corporate and government law firm Cozen O'Connor is moving its headquarters, 215 lawyers and 350 staff to 200,000 sq.ft. of the 21st-28th floors of One Liberty Place (and part of the 7th floor), leaving its current home at the mid-rise Philadelphia Stock Exchange atrium building at 1900 Market in 2014-15.
Cozen will take space now occupied by the Reed Smith law firm, which is moving to 1717 Arch St. (Three Logan). Cozen CEO Thomas A. Decker called his firm "extremely pleased" to be moving to a "skyline" building.
Firm director and real estate co-chair Jeffrey A. Leonard and real estate lawyer Adam M. Silverman negotiated the lease, vs. David Ebby of Drinker Biddle, counsel to One Liberty landlord Metropolis Investment Holdings, Inc. Peter C. Soens and Michael Kennedy of SSH Real Estate served as Cozen's brokerage lawyers.
Cozen had its pick of spaces: Center City office rents remain stuck at the levels of the early 1990s, even as its residential population has risen.