01.17.07
AMC Delancey Group Closes Out Leasing on Historic Cast Iron Building in Philadelphia
Jackson Cross Partners Secures Two New Tenants to Bring 105,000-SF Building to Full Occupancy own, PA, Area Renaissance Boosts Office Leasing Market

Contact
Michael J. LaCosta, Vice President
Beckerman Public Relations
(908) 781-6420, michaelj@beckermanpr.com

PHILADELPHIA (January 17, 2007) – AMC Delancey Group, Inc., a Philadelphia-based, leading national real estate investment and development firm, announces that it has fully leased The Cast Iron Building, 718 Arch Street, Philadelphia, with the completion of a 7,488-square-foot lease transaction for Probaris Technologies, Inc., and a 2,885-square-foot lease transaction for R.G. Vanderweil Engineers, LLP.

Thomas D. Kramer, principal of Jackson Cross Partners, LLC, represented AMC Delancey in both transactions, while Matthew Guerreri of Grubb & Ellis represented Probaris, a developer and marketer of secure process and personal identity verification software platforms, and Shane Funston of Geis Realty represented R.G. Vanderweil, a multi-disciplinary consulting engineering firm.

“The Cast Iron Building continues to be recognized by prospective and existing tenants as a high quality office building in an excellent location,” said Kramer. “Many of the recent leases completed at the building have been made with architectural and engineering firms who have chosen the building for its combination of modern mechanics, historic charm and ease of access for its visitors and employees.”

Space became available in the Cast Iron Building for these two new tenants when a long-time tenant, Paul H. Yeomans, Inc., moved out due to a need for much larger space. AMC Delancey then accommodated the space needs of an existing tenant, who wanted to reduce its square footage; and these two new tenants, to ensure efficient space use for everyone.

Robert J. Voth, president of Paul H. Yeomans, Inc., added, “We thoroughly enjoyed the period of time spent as a tenant at 718 Arch Street. We only left the building due to a need to find a larger contiguous space. Even knowing we had to move, it was still a very difficult decision, as we truly enjoyed AMC Delancey as both a landlord and neighbor. They were always courteous and attentive to our needs.”

Kenneth P. Balin, lifelong Philadelphia resident and president and CEO of AMC Delancey Group (also headquartered in The Cast Iron Building), stated, “Having a presence in The Cast Iron Building is important, as tenants know they will be supported with the most attentive property management. Our daily goal is to provide superior service and to ensure that every tenant need is met.”

The Cast Iron Building features its original cast iron façade, convenient access from all major highways, on-site ownership and property management, convenient parking, and a full-time lobby attendant/day porter. In addition, the building is serviced by a water-sourced heat pump system that gives tenants the ability to individually control their suite’s cooling and heating.

About Jackson Cross Partners
Jackson Cross Partners is a commercial real estate company focusing on a consultative approach to client service. The Jackson Cross team brings extensive experience in corporate real estate, brokerage, development and finance to the property life cycle. With offices in Philadelphia and King of Prussia, Pennsylvania; Wilmington, Delaware; and, Bridgeport, New Jersey, Jackson Cross provides market coverage throughout the Delaware Valley as well as access to markets throughout the world through its affiliation with ONCOR International. Jackson Cross Partners is a NorthMarq Capital affiliated company.

About AMC Delancey Group
Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a leading real estate investment and development firm that aligns interests and co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's programmatic approach focuses first on the quality of potential operating partners, next on their investment strategies, and then on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and future investment programs throughout the United States, with both existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information on AMC Delancey Group, visit www.amcdelancey.com .

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