Reed Smith will cut space with move of Phila. office
The firm signed a lease for 115,000 square feet of office space in Three Logan Square.
Reed Smith will cut space with move of Phila. office
Mike Armstrong, Inquirer Columnist
The law firm of Reed Smith L.L.P. will move its Center City offices for the first time since 1989.
Brandywine Realty Trust said Reed Smith signed a lease for 115,000 square feet of space in Three Logan Square, 1717 Arch St.
The firm, which has more than 150 lawyers in Philadelphia, currently occupies 156,534 110,000 square feet in One Liberty Place, 1650 Market St. (Current square footage amount updated 12/09/11.)
Reed Smith chief of operations Pat Hiltibidal said the firm intends to move its 300 lawyers, paraprofessionals and staff in early 2014. While the amount of space is less than the firm currently occupies, the design for the new offices will enable it to use space "more efficiently," she said in an email.
The lease is another win for Radnor-based Brandywine, which also landed the securities brokerage Janney Montgomery Scott last July for Three Logan. Janney will lease 146,321 square feet in the building, formerly known as the Bell Atlantic Tower, that Brandywine bought earlier this year.
In other "news" . . . other good law firms - ones actually headquartered in Philadlephia, such as Fox Rothschild, Margolis Edelstein, and Cozen O'Connor, are remaining in their current offices.— Truth B. Told- sorry, that's "Philadelphia." — Truth B. Told
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980.
Reach Mike at marmstrong@phillynews.com.
