In response to the changes in office space usage during the coronavirus pandemic, Hamilton Lane is planning to reduce its footprint at Seven Tower Bridge, the 14-floor building currently being constructed in Conshohocken, writes Natalie Kostelni for the Philadelphia Business Journal.
The investment firm signed a deal to occupy the top five floors of the structure in October, kicking off construction on the building that will serve as its future headquarters.
Now, the company plans to sublease one of the floors, and reduce the space it will occupy from 130,000 square feet to around 100,000 square feet.
The firm is currently looking at subleasing the tenth floor.
“We, like so many companies and organizations, have taken steps to adjust our near- and longer-term plan for what a return to the workplace will look like in light of the Covid-19 pandemic,” said Hamilton Lane spokeswoman Kate McGann. “Given that, we anticipate a hybrid remote and in-office model, which means we expect to need less physical space.”
Read more about Seven Tower Bridge at the Philadelphia Business Journal here.
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