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Could Aramark Move Out of Center City Philadelphia?

The new eateries at King of Prussia Mall include Shake Shack, Hai Street Kitchen and Company, Nicoletta Pizzeria and the Melt Shop. (Published Tuesday, March 15, 2016)

Aramark Corp., one of Philadelphia’s leading corporate citizens, is evaluating whether it should relocate its headquarters outside of Philadelphia.

The company occupies around 350,000 square feet at a building that bears its name at 1101 Market St. in Philadelphia. The multinational food services firm also has about 50,000 square feet in the Wanamaker building.

“The lease on Aramark’s world headquarters expires in 2018 and we have been carefully reviewing our options to ensure a solid plan is ready in advance,” said Chris Collom, a spokesman for the company, in a statement. “As a public company, we have a responsibility to our shareholders to completely assess all available choices. That includes remaining in Philadelphia or possibly relocating. We have been working closely with city and state officials in a number of locations and will make our final decision soon.”

Aramark Tower is a 32-story, 620,000-square-foot office building that has served as the company’s headquarters for the last three decades. The Aramark building was built in 1984. It was initially named One Reading Center before Aramark, then called ARA Services, moved its headquarters and more than 1,000 of its employees from the old Curtis Publishing Co. building at 6th and Walnut streets in 1985. Get more exclusive details about the possible plans on PBJ.com.


For more business related news, visit PBJ.com.

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