Discount Space for Non-Profits

Wos, that title's quite a pitch, but apparently it's for real. In February, Philly-based Pew Charitable Trusts purchased a 10-story new regional headquarters at 901 E Street, taking the top four floors for itself. But because they're a 501(c)(3), they intend to lease the remaining 125k SF to other non-profits. That means space that might normally go for $60 SF full-service has been marked down to $52. That also means their brokers phones have been ringing off the hook.