DOCSLIB.ORG

United States Court of Appeals for the Third Circuit ______

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
United States Court of Appeals for the Third Circuit ______ Case: 13-3750 Document: 003111781804 Page: 1 Date Filed: 10/31/2014 No. 13-3750 _______________________________________________________________ IN THE United States Court of Appeals for the Third Circuit _______________ ALAN W. SCHMIDT Plaintiff-Appellant, v. JOHN A. SKOLAS; LEANNE KELLY; JOHN L. ARMSTRONG, JR.; ZOLA B. HOROVITZ, Ph. D.; OSAGIE O. IMASOGIE; MITCHELL D. KAYE; ROBERT F. SHAPIRO; PAUL K. WOTTON; ROBERT DELUCCIA; DAVID LUCI; STEVE ROUHANDEH; JEFFREY DAVIS; MARK ALVINO; GENAERA LIQUIDATING TRUST; BIOTECHNOLOGY VALUE FUND, INC.; LIGAND PHARMACEUTICALS, INC.; XMARK CAPITAL PARTNERS, LLC; ARGYCE LLC; OHR PHARMACEUTICAL; JOHN L. HIGGINS; GENAERA CORP.; SCO FINANCIAL GROUP; DIPEXIUM PHARMACEUTICALS, LLC; MACROCHEM CORP.; ACCESS PHARMACEUTICALS, INC.; MARK N. LAMPERT Defendants-Appellees. ______________________ On Appeal from a Judgment of the United States District Court for the Eastern District of Pennsylvania ______________ PETITION FOR PANEL REHEARING AND REHEARING EN BANC ______________ Case: 13-3750 Document: 003111781804 Page: 2 Date Filed: 10/31/2014 Michael L. Kichline Sabrina Reliford Katherine Unger Davis DECHERT LLP Cira Centre 2929 Arch Street Philadelphia, PA 19104-2808 Tel: (215) 994-4000 (main) Fax: (215) 994-2222 (main) Counsel for Appellees John Skolas; Leanne Kelly; John Armstrong; Zola Horovitz; Osagie Imasogie; Robert Shapiro; Paul Wotton; Genaera Liquidating Trust; Argyce LLC Additional counsel and parties appear on the signature page. Case: 13-3750 Document: 003111781804 Page: 3 Date Filed: 10/31/2014 TABLE OF CONTENTS I. INTRODUCTION ............................................................................................... 1 II. FACTUAL HISTORY AND PROCEDURAL BACKGROUND ..................... 3 III. ARGUMENTS IN SUPPORT OF REHEARING .............................................. 5 A. The Majority Opinion Contradicts United States Supreme Court Authority Requiring a Plaintiff to Plead Facts Sufficient to State a Claim to Relief That is “Plausible on its Face” ................................................... 5 B. Contrary to Supreme Court and Third Circuit Precedent, the Majority Opinion‟s Application of the Discovery Rule Fails to Adhere to Governing Pennsylvania State Law .......................................................... 9 C. To the Extent the Majority Analyzed Whether Schmidt Exercised Reasonable Diligence, It Did So In Error ...............................................12 D. The Majority‟s Ruling That the Claims Against the D&Os Are Subject to the Discovery Rule Conflicts with Third Circuit Authority – and the Majority‟s Own Analysis ........................................................................14 IV. CONCLUSION .................................................................................................15 i Case: 13-3750 Document: 003111781804 Page: 4 Date Filed: 10/31/2014 TABLE OF AUTHORITIES CASES Page(s) Ashcroft v. Iqbal, 556 U.S. 662 (2009) .....................................................................................passim Barefoot Architect, Inc. v. Bunge, 632 F.3d 822 (3d Cir. 2011) ................................................................................. 8 Bell Atlantic Corp. v. Twombly, 550 U.S. 544 (2007) .....................................................................................passim Bruffett v. Warner Commc’ns, Inc., 692 F.2d 910 (3d Cir. 1982) ............................................................................... 14 Byrnes v. DeBolt Transfer Inc., 741 F.2d 620 (3d Cir. 1984) ............................................................................. 2, 8 Ciccarelli v. Carey Canadian Mines, Ltd., 757 F.2d 548 (3d Cir. 1985) ................................................................................. 9 Crouse v. Cyclops Indus., 745 A.2d 606 (Pa. 2000) ..................................................................................... 13 Dalrymple v. Brown, 701 A.2d 164 (Pa. 1997) ..................................................................................... 12 Erlich v. Ouellette, Labonte, Roberge & Allen, P.A., 637 F.3d 32 (1st Cir. 2011) ................................................................................... 6 Fine v. Checcio, 870 A.2d 850 (Pa. 2005) ........................................................................... 2, 10, 11 Fox v. Byrne, 525 A.2d 428 (Pa. Super. Ct. 1987) ...................................................................... 8 Gleason v. Borough of Moosic, 15 A.3d 479 (Pa. 2011) ................................................................................. 12, 13 Goodman v. Mead Johnson & Co., 534 F.2d 566 (3d Cir. 1976) ................................................................................. 9 ii Case: 13-3750 Document: 003111781804 Page: 5 Date Filed: 10/31/2014 Henderson v. Reid, 371 F. App‟x 51 (11th Cir. 2010) ......................................................................... 6 In re marchFIRST Inc., 589 F.3d 901 (7th Cir. 2009) ................................................................................ 7 In re Mushroom Transportation Co., 382 F.3d 325 (3d Cir. 2004) ............................................................................... 11 Johnson v. Marrs, No. 4706 JULY.TERM 2002 010380, 2005 WL 957631, at *1 (Pa. Com. Pl. Apr. 20, 2005) ................................................................................................ 12 Logan v. Wilkins, 644 F.3d 577 (7th Cir. 2011) ................................................................................ 6 Newton v. Merrill Lynch, Pierce, Fenner & Smith, Inc., 259 F.3d 154 (3d Cir. 2001) ................................................................................. 9 NYLife Distribs., Inc. v. Adherence Grp., Inc., 72 F.3d 371 (3d Cir. 1995) ................................................................................... 9 Oshiver v. Levin, Fishbein, Sedran & Berman, 38 F.3d 1380 (3d Cir. 1994) ............................................................................. 2, 7 Pension Ben. Guar. Corp. v. White Consol. Indus., Inc., 998 F.2d 1192 (3d Cir. 1993) ............................................................................... 9 Pension Trust Fund for Operating Eng’rs v. Mortg. Asset Sec. Transactions, Inc., 730 F.3d 263 (3d Cir. 2013) ....................................................................... 13 Pryor v. Nat’l Collegiate Athletic Ass’n, 288 F.3d 548 (3d Cir. 2002) ................................................................................. 5 Robinson v. Johnson, 313 F.3d 128 (3d Cir. 2002) ............................................................................... 14 Rowinski v. Salomon Smith Barney Inc., 398 F.3d 294 (3d Cir. 2005) ................................................................................. 9 Spence v. ESAB Grp., Inc., 623 F.3d 212 (3d Cir. 2010) ............................................................................... 10 iii Case: 13-3750 Document: 003111781804 Page: 6 Date Filed: 10/31/2014 USPPS, Ltd. v. Avery Dennison Corp., 326 F. App‟x 842 (5th Cir. 2009) ......................................................................... 6 Vernau v. Vic’s Market, Inc., 896 F.2d 43 (3d Cir. 1990) ................................................................................... 9 Vitalo v. Cabot Corp., 399 F.3d 536 (3d Cir. 2005) ............................................................................... 10 RULES Page(s) Fed. R. Civ. P. 8 ..................................................................................................... 5, 8 Fed. R. Civ. P. 9 ........................................................................................................ 8 Fed. R. Civ. P. 12(b)(6) .............................................................................................. 6 iv Case: 13-3750 Document: 003111781804 Page: 7 Date Filed: 10/31/2014 CERTIFICATE OF BELIEF THAT PANEL RECONSIDERATION OR EN BANC CONSIDERATION IS WARRANTED I express a belief, based on a reasoned and studied professional judgment, that the Panel decision in this matter is contrary to decisions of the United States Court of Appeals for the Third Circuit or the Supreme Court of the United States, and that consideration by the full Court is necessary to secure and maintain uniformity of decisions in this Court, i.e., the panel‟s decision is contrary to the decisions of the Supreme Court in Bell Atlantic Corp. v. Twombly, 550 U.S. 544, 570 (2007) and Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009), and that this appeal involves questions of exceptional importance, inter alia, what a plaintiff in federal court must plead to invoke the discovery rule under Pennsylvania law and whether Pennsylvania would apply a separate and higher standard to the invocation of the discovery rule in the fiduciary-relationship context than it does in every other context. Dated: October 31, 2014 /s/ Michael L. Kichline Michael L. Kichline Dechert LLP Cira Centre 2929 Arch Street Philadelphia, PA 19104 (215) 994-4000 v Case: 13-3750 Document: 003111781804 Page: 8 Date Filed: 10/31/2014 I. INTRODUCTION In its October 17, 2014, precedential decision, a divided panel of this Court reversed and remanded this action for further proceedings, concluding that the District Court had “prematurely” dismissed Plaintiff‟s complaint at the pleading stage on statute of limitations grounds despite (i) Plaintiff‟s admission that “we missed the two-year period” and (ii) the unanimous agreement of the Panel that Plaintiff failed to allege in his complaint
Load more

Recommended publications
  • Non -Parties in RE: Reliance Insurance Company in Liquidation No
    Received 05/06/2016 CommonwealthCommonwealth CourtCourt of Pennsylvania Filed 05/06/2016 CommonwealthCommonwealth CourtCourt of PennsylvaniaP1 1 RsylREL ani2001 Master Service List Non -Parties IN RE: Reliance Insurance Company In Liquidation No. 1 REL 2001 (Commonwealth Court of Pennsylvania) David L. Harbaugh, Esquire, (215) 963 -5751 James S. Gkonos Morgan, Lewis & Bockius LLP Saul Ewing LLP 1701 Market Street Centre Square West, 38th Floor Philadelphia, PA 19103 -2921 1500 Market Street Phone: (215) 963 -5751 Philadelphia, PA 19102 -2186 Fax: (215) 963 -5001 Phone: (215) 972 -8667 E -mail: [email protected] Fax: (215) 972 -1833 (Attorney for Fuji Bank) E -mail: jgkonos a,saul.com (Attorney for Milken Institute) Richard F. McMenamin, Esquire, (215) 979 -3860 McCarter & English, LLP Steven B. Davis, (215) 564 -8000 1600 Market Street Karl S. Myers Suite 3900 Stradley Ronon Stevens & Young, LLP Philadelphia, PA 19103 2600 One Commerce Square Phone: (215) 979 -3860 Philadelphia, PA 19103 Fax: (215) 988 -4326 Phone: (215) 564 -8000 E -mail: rmcmenamin @mccarter.com Fax: (215) 564 -8120 (Attorney for Milliken & Company) E -mail: SDavis @STRADLEY.COM KMyers !,STRADLEY. COM Richard F. McMenamin, Esquire, (215) 979 -3860 (Counsel for Reliance Insurance McCarter & English, LLP Company (in Liquidation)) 1600 Market Street Suite 3900 Jayson R. Wolfgang, Esquire, (717) 237 -4852 Philadelphia, PA 19103 Buchanan Ingersoll Philadelphia, PA 19103 One South Market Square Phone: (215) 979 -3860 213 Market Street, 3rd Floor Fax: (215) 988 -4326 Harrisburg, PA 17101 E -mail: rmcmenamin @mccarter.com Phone: (717) 237 -4852 (Attorneys for The Bank of New York Mellon Fax: (717) 233 -0852 (Formerly Mellon Bank, N.A.) E -mail: jayson.wolfgang @birc.com (Attorneys for Federal Insurance Company) Stanley E.
    [Show full text]
  • VOLUME II Public School Code of 1949 Goods and Services
    Public School Code of 1949 Goods and Services Expenditures Fiscal Year 2015-2016 VOLUME II Temple University Financial Disclosure Report Purchase of Goods and Services Contracts Notes and Definitions The following report provides the required disclosures for reporting the purchase of goods and services contracts. The University’s Banner Finance System does not include data enabling the distinction between the purchases of goods and services. Therefore, a single report is provided that includes both. Expenditures are categorized in the attached report using the following categories: General Supplies & Services: o General supplies, expendable equipment and software. Health Service Programs: o Animal lab, professional billing and other outside professional services. Insurance: o Malpractice, property, general liability, and employees insurances. Interest & Taxes: o Bond interest, real estate tax and debt service costs. Library: o Books, electronic periodicals, subscriptions and film. Professional Fees & Contracts: o Auditing, legal and collection fees and subcontracts. Property, Plant & Equipment: o Capital equipment, buildings and building improvements. Rent: o Equipment, building and office rentals. Repairs & Maintenance: o Equipment repair, maintenance of buildings and grounds. Telecommunications: o Telephone equipment, data communications and cellular services. Travel: o Travel agency fees, foreign and domestic travel expenses. Utilities: o Electric, gas, water, sewer, steam, chilled water and other miscellaneous utilities expenses. Each entry provides the category into which the purchase falls, the vendor name and address and the amount of the purchase. There is no more than one entry per vendor for a single category within a responsibility center. Purchases of goods and services in the Disclosure Report include those which equal or exceed $1,000 for each vendor from all Budgeted Operating Funds including Temple University Physicians.
    [Show full text]
  • Enid H. Adler Attorney at Law 110-A N
    Enid H. Adler Kenneth Ahl, Esq. Attorney At Law Archer & Greiner, P.C. 110-A N. 21st Street One Liberty Place Philadelphia, PA 19103-1301 Suite 3200 (215) 761-9925 Philadelphia, PA 19103 (215) 246-3132 Licia M. Ano Marrone, Esq. Paul C. Astor, Esq. Teeters Harvey Marrone & Kaier LLP Astor Weiss Kaplan & Mandel, LLP 1835 Market Street The Bellevue, 6th Floor Philadelphia, PA 19103-2968 200 South Broad Street (215) 567-2030 Philadelphia, PA 19102 (215) 790-0100 Sheryl L. Axelrod, Esq. Leonard Barrack, Esq. The Axelrod Firm, P.C. Barrack, Rodos & Bacine The Beasley Building Two Commerce Square 1125 Walnut Street 2001 Market Street, Suite 3300 Philadelphia, PA 19107 Philadelphia, PA 19103 (215) 461-1770 (215) 963-0600 Mary Jane Barrett, Esq. Hal A. Barrow, Esq. Mary Jane Barrett, LLC 65 W. Street Road 123 S. Broad Street Suite B102 Suite 2102 Warminster, PA 18974 Philadelphia, PA 19109-1090 (215) 956-9099 (215) 546-1800 Keelin S. Barry, Esq. Michael Bassett, Esq. 1518 Walnut Street Karafin & Gruenstein, P.C. Suite 800 1717 Arch Street Philadelphia, PA 19102 Suite 1320 (215) 546-2535 Philadelphia, PA 19103 (215) 587-0003 Daniel J. Baum, Esq. Martin Belisario, Esq. 2400 Chestnut Street Panitch Schwarze Belisario & Nadel LLP Apt. 1102 One Commerce Square Philadelphia, PA 19103 2005 Market Street, Suite 2200 (914) 656-4031 Philadelphia, PA 19103 (215) 965-1303 Thomas J. Bender, Esq. Brett N. Benton, Esq. Littler Mendelson P.C. Richard M. Ochroch & Associates, P.C. Three Parkway 318 S. 16th Street 1601 Cherry Street, Suite 1400 Philadelphia, PA 19102 Philadelphia, PA 19102 (215) 735-2707 (267) 402-3001 Daniel Berger, Esq.
    [Show full text]
  • January 29, 2021 Rosemary Chiavetta, Secretary Pennsylvania
    Robert F. Young Direct Dial: 717.237.5384 Fax: 717.237.5300 [email protected] January 29, 2021 Rosemary Chiavetta, Secretary Via Electronic Filing Pennsylvania Public Utility Commission Commonwealth Keystone Building 400 North Street, 2nd Floor Harrisburg, PA 17120 RE: Application of Aqua Pennsylvania Wastewater, Inc. Pursuant to Sections 1102, 1329, and 507 of the Public Utility Code for Approval o f its Acquisition of the Wastewater system Assets of the Delaware County Regional Water Quality Control Authority Docket No. A-2019-3015173 Dear Secretary Chiavetta: Enclosed for filing with the Pennsylvania Public Utility Commission is the County of Delaware, Pennsylvania’s Petition for Official and Judicial Notice of Facts, in the above-referenced proceeding. As shown by the attached Certificate of Service and per the Commission’s March 20, 2020, Emergency Order, all parties to this proceeding are being duly served via email only due to the current COVID-19 pandemic. Upon lifting of the aforementioned Emergency Order, we can provide parties with a hard copy of this pleading upon request. Sincerely, McNEES WALLACE & NURICK LLC By Robert F. Young Counsel to County of Delaware, Pennsylvania RFY/ams Enclosure c: Certificate of Service (via email only) The Honorable Angela T. Jones and F. Joseph Brady (via email only) Pamela McNeal, Legal Assistant to ALJ (via email only) CERTIFICATE OF SERVICE I hereby certify that I am this day serving a true copy of the foregoing document upon the participants listed below in accordance with the requirements of Section 1.54 (relating to service by a participant). VIA E-MAIL Thomas T.
    [Show full text]
  • Temple University Snyder Report Volume II 2013-2014
    Public School Code of 1949 Goods and Services Expenditures Fiscal Year 2013-2014 VOLUME II Temple University Financial Disclosure Report Purchase of Goods and Services Contracts Notes and Definitions The following report provides the required disclosures for reporting the purchase of goods and services contracts. The University’s Banner Finance System does not include data enabling the distinction between the purchases of goods and services. Therefore, a single report is provided that includes both. Expenditures are categorized in the attached report using the following categories: General Supplies & Services: o General supplies, expendable equipment and software. Health Service Programs: o Animal lab, professional billing and other outside professional services. Insurance: o Malpractice, property, general liability, and employees insurances. Interest & Taxes: o Bond interest, real estate tax and debt service costs. Library: o Books, electronic periodicals, subscriptions and film. Professional Fees & Contracts: o Auditing, legal and collection fees and subcontracts. Property, Plant & Equipment: o Capital equipment, buildings and building improvements. Rent: o Equipment, building and office rentals. Repairs & Maintenance: o Equipment repair, maintenance of buildings and grounds. Telecommunications: o Telephone equipment, data communications and cellular services. Travel: o Travel agency fees, foreign and domestic travel expenses. Utilities: o Electric, gas, water, sewer, steam, chilled water and other miscellaneous utilities expenses. Each entry provides the category into which the purchase falls, the vendor name and address and the amount of the purchase. There is no more than one entry per vendor for a single category within a responsibility center. Purchases of goods and services in the Disclosure Report include those which equal or exceed $1,000 for each vendor from all Budgeted Operating Funds including Temple University Physicians.
    [Show full text]
  • Douglas Aaron, Esq. Jacquelyn J
    Douglas Aaron, Esq. Jacquelyn J. Ager, Esq. Dion, Rosenau, Smith, Menszak and Aaron Conrad, O’Brien, Gellman & Rohn Suite 900, Eight Penn Center 1515 Market Street, 16th Floor 1628 JFK Blvd. Philadelphia, PA 19102 Philadelphia PA 19103 Tiffany M. Alexander, Esq. Campbell, Campbell, Edwards & Conroy 690 Lee Road, Suite 300 Wayne, PA 19087 Daniel S. Altschuler, Esq. Jerrold P. Anders, Esq. Post & Schell White & Williams Four Penn Center 1600 JFK Boulevard One Liberty Place, Suite 1800 Philadelphia, PA 19103 Philadelphia, PA 19103 Harriet Anderson, Esq. Karen M. Ashdale, Esq. Robert J. Casey, Jr. & Associates Comeau & Bunker 2500 Center Square West, 4 Penn Center, 1600 JFK Blvd. 1500 Market Street Ste. 500 Philadelphia, PA 19102 Philadelphia, PA 19103 Joshua D. Baer, Esq. Danielle Banks, Esq. Margolis, Edelstein Stradley, Ronon, Stevens & Young 170 S. Independence Mall West, Suite 400E 2600 One Commerce Square Philadelphia, PA 19106-3337 Philadelphia, PA 19103-7098 Wendi Barish, Esq. John J. Barrett, Jr., Esq. Weber, Gallagher, Simpson, et. al. Reger, Rizzo & Darrnell th th 2000 Market Street, 13 Floor CIRA Center, 13 Floor Philadelphia, PA 19103 2929 Arch Street Philadelphia, PA 19104 Jeffrey Bates, Esq. Albert J. Bartosic, Esq. Marshall, Dennehey, Warner, Coleman & Goggin 7633 Levi’s Road 2000 Market Street Cheltenham, PA 19102 Suite 2300 Philadelphia, PA 19103 Gabriel L. I. Bevilacqua, Esq. Robert D. Billet, Esq. Saul Ewing Billet Law Office 3800 Centre Square West 2000 Market Street, Suite 2803 Philadelphia, PA 19102 Philadelphia, PA 19103 Al Bixler, Esq. Eckert Seamans 1515 Market Street, 9th Floor Philadelphia, PA 19102 Ralph Bocchino, Esq. Charles J. Bogdanoff, Esq.
    [Show full text]
  • United States Bankruptcy Court Eastern District of Pennsylvania Authorized Mediation Panel
    UNITED STATES BANKRUPTCY COURT EASTERN DISTRICT OF PENNSYLVANIA AUTHORIZED MEDIATION PANEL MEDIATOR PHILADELPHIA READING Kenneth E. Aaron, Esquire Weir & Partners LLP The Widener Building X 1339 Chestnut Street, Suite 500 Philadelphia, PA 19107 Kurt Althouse, Esquire Bingaman Hess Treeview Corporate Center X Two Meridian Boulevard, Suite 100 Wyomissing, PA 19610 Derek J. Baker, Esquire Reed Smith LLP 2400 One Liberty Place X 1650 Market Street Philadelphia, PA 19103-7301 Leslie Beth Baskin, Esq. Spector, Gadon & Rosen, P.C. Seven Penn Center X 1635 Market Street, Seventh Floor Philadelphia, PA, 19103 Leslie A. Berkoff, Esquire Moritt Hock & Hamroff LLP X X 400 Garden City Plaza Garden City, New York 11530 Amelia H. Boss, Esquire 3320 Chestnut Street X Philadelphia, PA 19104 Corinne S. Brennan Klehr Harrison Harvey Branzburg LLP 1835 Market Street, X Suite 1400 Philadelphia, PA 19103 MEDIATOR PHILADELPHIA READING Eden R. Bucher, Esquire Leisawitz Heller Abramowitch Phillips, P.C. 2755 Century Boulevard X Wyomissing, PA 19610 Kenneth F. Carobus, Esquire 201 N. Presidential Blvd, Suite 100 X P.O. Box 2235 Bala Cynwyd, PA 19004-6235 Dexter K. Case, Esquire Case, DiGiamberardino & Lutz, P.C. X X 845 North Park Road, Suite 101 Wyomissing, PA 19610 John A. DiGiamberardino, Esquire Case, DiGiamberardino & Lutz, P.C. 845 North Park Road X Suite 101 Wyomissing, PA 19610 Anthony R. Distasio, Esquire Linton Distasio Adams 1720 Mineral Spring Road X P.O. Box 461 Reading, PA 19603-0461 Joseph B. Finlay, Jr., Esquire THE VIRTUAL LAW FIRM X P.O. Box 1040 Southampton, PA 18966 Jacques H. Geisenberger, Esquire Jacques H. Geisenberger, PC 941 Wheatland Avenue X X Suite 403 Lancaster, PA 17603 Howard Gershman, Esquire Gershman Law Offices, PC X 610 York Road, Suite 200 Jenkintown, PA 19046 MEDIATOR PHILADELPHIA READING Gilbert J.
    [Show full text]
  • Current and Future Market Conditions Q3 2014
    Current and Future Market Conditions Q3 2014 Current and Future Market Conditions Q3 2014 The Philadelphia Central Business District (“CBD”) made huge strides in Q3 with 350,000 SF of positive absorption, bringing the year-to-date absorption to 492,000 SF. 5.2 million SF remain available, and the CBD’s vacancy rate dropped to 12%. For comparison purposes, at the peak of the market in 2007, vacancy was below 10%, and the total vacant space was just under 4 million SF. Q3 saw inbound demand and organic growth. Hill International, a South Jersey-based construction company, announced that it would relocate its global headquarters from South Jersey to One Commerce Square, where they have leased 60,000 SF for 12 years on floors 16 and 17. vXchnge, a data center service company, entered the CBD this quarter with a 10 year lease of 70,000 SF at 1500 Spring Garden Street. The University of Pennsylvania Health Systems renewed its lease in Centre Square through 2021 and leased an additional 56,000 SF. The healthcare giant now has a total of 234,000 SF in the building. Cigna Corporation continues its search for 300,000 SF, a substantial 150,000 SF reduction from its current footprint of 450,000 SF in Two Liberty Place. The Radian Group has entered the market and is seeking 150,000 SF. Obermayer Rebmann Maxwell & Hippel, LLP, a long-standing tenant occupying approximately 86,000 SF of the top three floors of Suburban Station, is seeking 50,000-60,000 SF. Accounting firm EisnerAmper, based in Jenkintown, is seeking 50,000 SF.
    [Show full text]
  • Tenant Manual
    TEN PENN CENTER TTEENNAANNTT MMAANNUUAALL 1801 Market Street | Philadelphia, PA | 19103 TABLE OF CONTENTS WELCOME ..................................................................................................................................... 1 KEY BUILDING PERSONNEL ....................................................................................................... 2 EMERGENCY NUMBERS .............................................................................................................. 2 HELPFUL NUMBERS ..................................................................................................................... 3 GENERAL BUILDING INFORMATION .......................................................................................... 4 BUILDING HOURS ......................................................................................................................... 5 ACCESS PROCEDURES ............................................................................................................... 6 KEYS AND ACCESS CARDS ........................................................................................................ 8 MOVING AND DELIVERY .............................................................................................................. 9 BUILDING SERVICES .................................................................................................................. 11 TRASH REMOVAL ......................................................................................................................
    [Show full text]
  • 1,622 Sf-3,396 Sf
    1,622 SF-3,396 SF Precision Realty Group LISTING DETAILS Generational Retail Opportunity in Philadelphia CBD Trophy New Construction Office Tower Solely anchored by Morgan Lewis & Bockius (Early 2023 Occupancy) 1,622-3,396 SF of Retail Space 1,300+ Employees on Site FALL 2022 DELIVERY Precision Realty Group Precision Realty Group Precision Realty Group SITE PLAN: ONE RETAILER MARKET STREET SEPTA ENTRANCE 121' 98' 16' LIBERTY BAR 7-ELEVEN 2204 Market St, RETAIL A RETAIL RETAIL B 2202-2200 Market St, 31' Philadelphia, Philadelphia, PA 19103 1622 GSF 3,396 GSF 1774 GSF PA 19103 DN ~ 30' IN ~ 20' IN HEIGHT HEIGHT DN 23RD STREET DN 22ND STREET EX. 3' WIDE ALLEY BY DEED DN DN UP UP EXTERIOR BUILDING DN LIFE SAFETY GENERATOR WITHIN DN SCREENED AREA EX. 3' WIDEALLEY BY DEED LUDLOW STREET Precision Realty Group SITE PLAN: TWO RETAILERS MARKET STREET SEPTA ENTRANCE 121' 98' DN 16' LIBERTY BAR 7-ELEVEN 2204 Market St, RETAIL A RETAIL B 2202-2200 Market St, 31' Philadelphia, Philadelphia, PA 19103 1622 GSF 1774 GSF PA 19103 DN 51' 46' ~ 30' IN ~ 20' IN HEIGHT HEIGHT DN 23RD STREET DN 22ND STREET EX. 3' WIDE ALLEY BY DEED DN DN UP UP EXTERIOR BUILDING DN LIFE SAFETY GENERATOR WITHIN DN SCREENED AREA EX. 3' WIDEALLEY BY DEED LUDLOW STREET Precision Realty Group CENTER SITE CENTER 30TH STREET STATION Precision Realty Group 23 1 22 21 10 12 19 20 2 9 8 11 7 18 4 4 6 7 10 11 13 17 2222 2 3 6 30TH STREET MARKET STATION 1 8 9 12 3 5 16 4 14 5 5 2 15 1 3 OFFICE SPACE RESIDENTIAL NEW DEVELOPMENTS Cira Centre Two Commerce 10 Penn Center Comcast Tech.
    [Show full text]
  • Current and Future Market Conditions Q2 2018
    Current and Future Market Conditions Q2 2018 Current and Future Market Conditions Q2 2018 Philadelphia’s office market remained flat in Q2. Small to medium size users of space continued to grow. This growth, offset the shedding of excess space by larger users. 5.5M SF is now available and the CBD has a 12% vacancy rate as of the end of Q2. Noteworthy Points: After the departure of FMC, Sunoco, and Bank of New York, Mellon Bank Center was left with 500,000 SF of vacancy in 2014. Fast forward to Q 2 2018, the building is now 95% leased. Kudos to Equity Common Wealth and their leasing team. However, with the inevitable departure of Aberdeen Asset Management, Melon Bank Center will have 50,000 SF of contiguous vacant space located on floors 31‐33. This space represents the highest available contiguous vacancy in the CBD. The space will become available in September 2019, though it is likely to be leased well before the end of 2018. “The Heat Is On” as rental rates continue to rise in the CBD. Growth occurred across virtually all business sectors with very few firms contracting their operations (excepting Towers Watson). As a result of this growth, the CBD’s asking rates continued to move upward in the quarter resulting in a $30.18/SF overall citywide average. Full service rates currently range from $30.50/SF for Class A, $27.25/SF for Class B, and $23.50/SF for Class C. As would be expected, the most expensive space at $39.50/SF is found in the Trophy Towers of West Market Street.
    [Show full text]
  • Current and Future Market Conditions Q2 2015
    Current and Future Market Conditions Q2 2015 Current and Future Market Conditions Q2 2015 Steady as she goes. The Philadelphia Central Business District’s (“CBD”) continued its positive trend as 100,000 square feet was absorbed during Q 2. 3.7 million square feet remains available, and the CBD’s vacancy rate dipped ever so slightly to 9.5%. Large blocks of space remain scarce across the CBD’s inventory. As such, Independence Blue Cross will remove one of them by leasing 210, 000 SF at 1900 Market Street from Brandywine Realty Trust. The healthcare giant inked an 18 year lease and will backfill space vacated by Cozen O Conner which relocated to One Liberty Place during Q 2. ExcelleRx renewed their lease in Three Parkway for 3 years and remained in 100,000 SF. The Board of Pensions of the Presbyterian Church solidified their presence in 2000 Market Street by agreeing to a 7 year lease extension on 75,000 through 2028. Public Financial Management will vacate their long standing headquarters in Two Logan Square and lease 44,000 SF on floors 42 & 43 in Mellon Bank Center for 15 years. This relocation represents the first significant defection from Brandywines CBD portfolio. The Burns Group will consolidate 30,000 square feet from 1818 Market Street and 1835 Market Street and entered a new 10 year lease at Two Commerce Square. Cigna Corporation continues its search for 300,000 square feet. Radian Group is in the market and is seeking 150,000 square feet. The Market Place Design Center is searching the CBD in search of 150,000 square feet.
    [Show full text]