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% leased, was acquired via three way partnership with Philadelphia-based Cross Properties and 806 Capital from the Isard-Greenberg Company, which owned the building for 30 years.Plans for your property conprise of a possible conversion to a residential use over time.Jones Lang LaSalle has been retained to cope with the building.1616 Walnut encompasses 188,560 square feet of office layout, 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 and the regional rail lines at Suburban Station.Built in 1929, 1616 Walnut Street PA was lauded as an architectural marvel at the time, receiving top honors along at the 12th International Buildings Congress in Budapest. Its five-story parking garage managed to get among the first properties to feature on-site parking, that is then considered a novelty. The long-lasting property was listed on the National Register of Historic Places in 1983 and also the Philadelphia Register of Historic Places on January 7, 1982.1616 Walnut marks FCP’s second acquisition in downtown Philadelphia as the company’s investment in 1701The new owners of the building desire to “detenant” 1616 Walnut. Does anyone notice any similarity between destroy, demolish, destruct and detenant? Yes, they do develop the right to not renew your lease. However, there are plenty of things which protect you from being “thrown on the street”

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