1616 walnut street

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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 per cent leased, was acquired against a joint venture with Philadelphia-based Cross Properties and 806 Capital that came from the Isard-Greenberg Company, which owned the building for longer than three decades.Plans for the property involve possible conversion to the residential use as time passes.Jones Lang LaSalle has been retained to cope 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 along with the regional rail lines at Suburban Station.Inbuilt 1929, 1616 Walnut Street PA was lauded being an architectural marvel at the time, receiving top honors with the 12th International Buildings Congress in Budapest. Its five-story parking garage made it among the first properties to feature on-site parking, that is then considered a novelty. The enduring property was listed on the National Register of Historic Places in 1983 along with the Philadelphia Register of Historic Places on January 7, 1982.1616 Walnut marks FCP’s second acquisition in downtown Philadelphia as the company’s cost of 1701The new owners of 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 numerous things which guard against being “thrown on the street”

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