Janney's PA-taxpayer-backed move to 3 Logan

Janney Montgomery Scott, the Philadelphia-based investment brokerage and investment bank owned by Penn Mutual, has leased 150,000 square feet of Brandywine Realty Trust's newly-acquired red-brick Three Logan tower (formerly the Bell Atlantic building before the ex-Bell operator moved its HQ out of town), Brandywine says here.

Janney has been based in Commerce Square on Market Street, also a partly Brandywine-owned complex.

PA Gov. Tom Corbett signed off on $10 million in state aid to Janney to help move its headquarters earlier this year, after funding was pre-approved by Gov. Rendell and the General Assembly.