AthenianRazak Increases Value at 833 Chestnut to Historic High

We’re extremely pleased to announce that a property AthenianRazak managed and turned around, 833 Chestnut, appears to have sold for the highest price in the region for large, occupied office buildings – coming in at $161m or $228 / sq ft. Continue reading “AthenianRazak Increases Value at 833 Chestnut to Historic High” »

Tenant Satisfaction as a Business Driver

Tenant satisfaction and high levels of service delivery are key factors to success in the property management industry.   Tenant satisfaction contributes to multiple aspects of the industry including increased retention rates, decreased expenses, and better overall positioning of the physical asset.  As property and construction managers of 833 Chestnut Street in Philadelphia, PA, AthenianRazak was among the highest tenant satisfaction ratings of all 122 buildings in the Owner’s global portfolio for 2012. You can read more about this distinction here. This is especially significant as within that timeframe, there were renovations to occupied clinical spaces, where the work was completed off hours and operations were continued uninterrupted.   The renovations were coordinated with, among other factors, environmental abatement and infection control.  All clinics continued to see patients throughout the construction process.

Partner Linda Galante Recognized as 2013 Woman on the Move Honoree

Congrats to our partner Linda Galante on being recognized as the Arthritis Foundation’s annual Woman on the Move.  Linda received this award during a luncheon celebration on April 23rd.

This annual event – along with yearlong education programs – aims to create awareness about women with arthritis and the tools available through the Arthritis Foundation to help cope with and prevent the disease, while leading fulfilling and active lives.

As a Woman on the Move, Linda has demonstrated that she is an extraordinary woman who balances family life, career, and community involvement.  Linda is a Partner at Stradley Ronon and also a Partner at AthenianRazak.

Read more about Linda’s recognition as a Woman on the Move here.

AthenianRazak Welcomes Thomas Jefferson University Hospital Department of Obstetrics and Gynecology to 833 Chestnut

Digital Realty has recently signed a lease with the Department of Obstetrics and Gynecology at Thomas Jefferson University Hospital for approximately 50,000 sq ft of office space at 833 Chestnut Street in Philadelphia.  The build-out of the space is scheduled for completion in January 2014.

AthenianRazak is the Property Manager for Digital Realty at 833 Chestnut Street and will serve as the Project Manager to oversee the innovative build-out for Jefferson.  Studley, Inc. served as the broker for Thomas Jefferson and CBRE, Inc. was the broker for Digital Realty.

AthenianRazak would like to thank each of our partners in helping to close a complicated deal that provides an innovative use of urban space, putting together parts of three adjacent floors to provide a street entrance for patients, as well as creative areas for administrative teams and patient rooms.