April, 2015 [Center City Philadelphia, PA] — Cathy Coate of Colliers International in Philadelphia represented InterAct Theatre Company in the lease of 8,500 SF of space in the old Drake hotel ballroom space behind the Kimmel Center at 1512 Spruce Street. The space was previously leased by University of the Arts for rehearsal and performance space. Marc Wiser of Legend Properties represented the owner, FC Drake Associates, L.P.
InterAct is relocating from the 106-seat Adrienne Theatre on Sansom Street. The move puts them into closer proximity to the Avenue of the Arts. They plan to put two theaters in the former ballroom space for use by four other theater companies as well. This will be the only active multi-company theater space in the city.
Cathy Coate is an office broker at Colliers International specializing in the Non Profit sector. She is Senior Vice President – Office Division where she provides real estate services to help clients achieve their strategic, operational and financial goals.
About InterAct Theatre Company
Founded in 1988, InterAct’s aim is to educate, as well as entertain its audiences, by producing world-class, thought-provoking productions, and by using theatre as a tool to foster positive social change in the school, the workplace and the community. Through its artistic and educational programs, InterAct seeks to make a significant contribution to the cultural life of Philadelphia and to the American theater. Visit them on the web at interacttheatre.org.