1616 walnut street

1616 Walnut Street PA Evictions - A Sitting Tenant's RightsChevy Chase, MD-based Federal Capital Partners has acquired 1616 Walnut Street, a 25-story, 279,770 square foot office building in Center City, Philadelphia.The property, currently 90% leased, was acquired through a three way partnership with Philadelphia-based Cross Properties and 806 Capital that came from the Isard-Greenberg Company, which owned the building for longer than 30 years.Plans for your property list a possible conversion with a residential use after some time.Jones Lang LaSalle has been retained to deal with the building.1616 Walnut encompasses 188,560 square feet of office space, 7,210 square feet of retail space and a 160-space integrated parking garage. The building is proximate to transit options including Septa bus routes, the Market-Frankford and Broad Street subway lines as well as the regional rail lines at Suburban Station.Inbuilt 1929, 1616 Walnut Street PA was lauded for an architectural marvel at the time, receiving top honors along at the 12th International Buildings Congress in Budapest. Its five-story parking garage got there among the first properties to feature on-site parking, which was then considered a novelty. The enduring property was listed on your National Register of Historic Places in 1983 as well as the Philadelphia Register of Historic Places on January 7, 1982.1616 Walnut marks FCP’s second acquisition in downtown Philadelphia following the company’s investment in 1701The new those who own the building would like to “detenant” 1616 Walnut. Does anyone notice any similarity between destroy, demolish, destruct and detenant? Yes, they actually have the right to not renew your lease. However, there are plenty of things which guard against being “thrown into the street”