Petroleum co. to move headquarters

Sunoco Inc. entered into a long-term lease agreement with HRPT Properties Trust for approximately 221,000 square feet of office space for its corporate headquarters in Philadelphia.

The value of the transaction was not disclosed.

The office space is situated in the Mellon Bank Center, located at 1735 Market St.

Sunoco plans to move its business units and corporate functions to the Market Street property by the summer of 2005.

Tactix Real Estate Advisors LLP represented Sunoco in the transaction.

Philadelphia-based Sunoco Inc. is a manufacturer and marketer of petroleum and petrochemical products.

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