{"id":1004119511,"date":"2015-05-15T06:42:01","date_gmt":"2015-05-15T14:42:01","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=347934"},"modified":"2020-04-13T23:32:05","modified_gmt":"2020-04-14T07:32:05","slug":"keystones-class-a-one-presidential-building-in-bala-cynwyd-almost-fully-leased","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/keystones-class-a-one-presidential-building-in-bala-cynwyd-almost-fully-leased\/","title":{"rendered":"Keystone\u2019s Class A One Presidential Building in Bala Cynwyd Almost Fully Leased"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>One Presidential Building, a premier office property located in one of the most desirable submarkets in suburban Philadelphia, will soon reach full occupancy.<\/p>\n<div id=\"attachment_347935\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/One-Presidential-Building-Bala-Cynwyd-PA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-347935\" title=\"One Presidential Building - Bala Cynwyd PA\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/05\/One-Presidential-Building-Bala-Cynwyd-PA.jpg\" alt=\"One Presidential Building - Bala Cynwyd PA\" width=\"300\" height=\"294\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">One Presidential Building &#8211; Bala Cynwyd PA<\/p>\n<\/div>\n<p>Owner Keystone Property Group announced it signed a lease agreement with Live Nation Entertainment for 12,000 square feet of space at the four-story Class A asset. Keystone was represented in-house by Scott Paymer, while Newmark Grubb Knight Frank advised Live Nation in this transaction.<\/p>\n<p>According to a statement for the press, the Beverly Hills-based entertainment giant will occupy Keystone\u2019s former headquarters in the building over the next ten years. Live Nation\u2019s move from nearby Bala Pointe Office Center at 111 Presidential Blvd. is set to bring the company\u2019s four local affiliates\u2014 Live Nation Philadelphia, Live Nation Arenas, Ticketmaster and Maverick \u2014under one roof.<\/p>\n<p>\u201cWelcoming one of the world\u2019s most prominent entertainment and event companies to One Presidential is affirmation of the improvements we\u2019ve made to the space in order to attract world-class tenants,\u201d said in a prepared statement Bill Glazer, President of Keystone. \u201cAs we continue to develop and improve our properties to accommodate today\u2019s most forward-thinking companies, we\u2019re especially pleased to have Live Nation aboard,\u201d he added.<\/p>\n<p>Located at the corner of City Lane Ave. and Presidential Blvd., the 130,804-square-foot building was completed in 1956 as the headquarters of Gulf Oil and one of the first big-box office properties outside Philadelphia. In 2006, the property was sold by the Morgan Family Trust to Keystone for south of $19 million, according to data provided by real estate website <a href=\"https:\/\/www.propertyshark.com\/mason\/OnePageReports\/report.html?propkey=26467217&amp;newwindow=true\" target=\"_blank\" rel=\"nofollow\">PropertyShark<\/a>. Two years later the new owner completed an environmentally friendly redevelopment at the building that included upgrades to the HVAC system to meet the Energy Star rating code for Building Automation System, new energy efficient lighting, installation of a new E-glass curtain wall system with an insulated glazing system that helps reduce energy consumption, as well as renovation of the main lobby that now displays a two-story waterfall, marble floors and wood paneled walls.<\/p>\n<p><em>Image courtesy of Keystone Property Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor One Presidential Building, a premier office property located in one of the most desirable submarkets in suburban Philadelphia, will soon reach full occupancy. Owner Keystone Property Group announced it signed a lease agreement with Live Nation Entertainment for 12,000 square feet of space at the four-story Class A asset. Keystone [&#8230;]<\/p>\n","protected":false},"author":258,"featured_media":1004507385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004119511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Keystone\u2019s Class A One Presidential Building in Bala Cynwyd Almost Fully Leased - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/keystones-class-a-one-presidential-building-in-bala-cynwyd-almost-fully-leased\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keystone\u2019s Class A One Presidential Building in Bala Cynwyd Almost Fully Leased\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor One Presidential Building, a premier office property located in one of the most desirable submarkets in suburban Philadelphia, will soon reach full occupancy. 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