CVA Commercial Group Deal Honored at the Philadelphia Business Journal’s Best Real Estate Deals of 2017 Awards

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The deal brought the First Judicial District (FJD) to 714 Market and was one of the largest commercial leases signed in Philadelphia in 2017.

This acknowledgement of the deal at 714 Market by the Philadelphia Business Journal is an honor. It represents the commitment of the building ownership and our CVA Commercial Group team to make this location a premier place to do business in Philadelphia.

CVA Commercial Group announced today that it was honored at the Philadelphia Business Journal’s Best Real Estate Deals of 2017 Awards for its successful efforts to bring the First Judicial District (FJD) to 714 Market last year. CVA Commercial Group’s involvement with 714 Market began in 2008 when they brokered the purchase of the building and secured the financing for Liberty Resources.

In 2017, CVA Commercial Group finalized the deal to lease a total of 120,000 square feet of space to First Judicial District. This deal was one of the largest commercial leases signed in Philadelphia during that calendar year.

According to a philly.com article about the deal, senior vice president Michael Kane of real estate firm CRBE—who helped arrange the agencies’ move—stated The First Judicial District “now has the opportunity to vacate a building that was functionally obsolete for their purposes and custom-design new space in a location that is accessible to the courts, their clients, and employees.”

“This acknowledgement of the deal at 714 Market by the Philadelphia Business Journal is an honor. It represents the commitment of the building ownership and our CVA Commercial Group team to make this location a premier place to do business in Philadelphia” said Vince Jolly, head of CVA Commercial Group. “We are looking forward to celebrating with the other honorees and the 300 professionals in commercial real estate and construction who will be attending the event.”

About CVA Commercial Group
Founded in 2010, CVA Commercial Group is a 100% minority-owned, MBE Certified, full service commercial real estate firm founded by Vincent Jolly and headquartered in Philadelphia. CVA provides Brokerage & Leasing, Consulting Services, Valuation Services, Development and Property Management services regionally.

About the Philadelphia Business Journal’s Best Real Estate Deals of 2017 Awards
On Thursday, March 22, the Philadelphia Business Journal honored the top real estate deals and projects of 2017 that are shaping the Philadelphia region. In addition to naming the Deals of the Year, they announced superlative awards for projects that demonstrated high levels of excellence for perseverance, innovation, and community impact.

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