Press Release

Ballard Spahr Guides Parkway Corp. in Development Transaction for New Building in Philadelphia

December 16, 2022

Ballard Spahr attorneys provided legal counsel to Parkway Corporation for the development and construction of a state-of-the-art Center City building that will house offices for Chubb, the world’s largest publicly traded property and casualty insurer.

The project was announced today at a news conference at the site, currently a parking lot at 20th and Arch Streets. In addition to Chubb offices, the building will include ground-floor retail and an underground parking garage. Construction is expected to start in February 2023.

Ballard Spahr attorneys guided Parkway on real estate and finance aspects of the project. A longtime firm client, Parkway is a Philadelphia-based real estate developer, investor, and best-in-class parking operator.

More information is available in the official news release:

For media inquiries, please contact Bill Shralow at 215.864.8195.

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