Keystone Property Group, announced that Fox Rothschild LLP signed an 11-year lease for 20,184 square feet on the second and third floors at Citizens Bank Center, an 18-story, 221,686-square-foot office building at 919 North Market Street in downtown Wilmington.
A tenant of the building for 15 years, Fox Rothschild had occupied about 17,000 square feet on two non-contiguous floors. With this transaction, the firm gains the opportunity to have contiguous space on two floors with an interconnecting staircase, as well as a private lobby and elevator off the building’s main lobby on the first floor.
Growth at the firm’s bankruptcy practice was cited as the reason for the expansion. Citizens Bank Center is the closest building to the U.S. Bankruptcy Court on Market Street.
“Fox Rothschild now has the ability to create a new, modern office environment to better serve its growing base of clients,” said Richard S. Gottlieb, senior vice president of Keystone Property Group. “The unique features of the space, along with its unparalleled downtown location near the courthouse, were both major factors in securing this expansion and renewal.“
Doug Simon of Newmark Grubb Knight Frank represented Fox Rothschild in the transaction. This national law firm has more than 500 attorneys practicing in 17 offices coast to coast. The firm provides legal services to public and private companies and also represents charitable, medical and educational institutions both in the United States and in more than 50 countries.
“This building is the ideal location for our expanding Delaware practice, and we are pleased that Keystone was able to accommodate our current and future space needs with this transaction,” said Mark L. Silow, managing partner at Fox Rothschild. “We are confident that this new space will facilitate a more seamless business operation for our firm as we continue our growth.”
Keystone, which owned 919 North Market Street from 2002 through 2005, purchased the building in late 2011 for $22 million . It has done work on the elevators commons corridors and rest rooms. The building has 40,000 square feet available. Other tenants are Wells Fargo; GEICO; Ballard Spahr, LLC; Klehr Harrison Harvey Branzburg LLP; and Pachulski Stang Ziehl & Jones.
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