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 joint venture with Philadelphia-based Cross Properties and 806 Capital coming from the Isard-Greenberg Company, which owned the building for longer than 3 decades.Plans of the property include a possible conversion with a residential use over time.Jones Lang LaSalle is retained to deal with the building.1616 Walnut encompasses 188,560 square feet of office layout, 7,210 square feet of retail space along with 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 along with the regional rail lines at Suburban Station.Incorporated 1929, 1616 Walnut Street PA was lauded being an architectural marvel when it occurs, receiving top honors for the 12th International Buildings Congress in Budapest. Its five-story parking garage got there among the first properties to feature on-site parking, that's then considered a novelty. The long-lasting property was listed at the 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 when company’s costs of 1701The new those who own the building wish 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 many things which protect you from being “thrown on the street”