Neumann Finance Co., an equipment leasing subsidiary of Beneficial Bank that was formed in November with two leading industry veterans, has leased space at 123 S. Broad St. in Philadelphia and has plans to add a more than 200 jobs over the next two to three years.Neumann looked at 20 different locations and debated between South Jersey or Center City. It eventually signed a 10-year lease on 21,695 square feet on the 17th floor at the South Broad building. It has options to expand and renew. Anne Klein of Newmark Knight Frank represented the company in its search. SSH Real Estate of Philadelphia owns 123 S. Broad.
Neumann, which is in its startup phase, is for now operating out of a small office in Moorestown, N.J., where CEO Daniel Dyer and President George Pelose are building out the company’s executive team.
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