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 percent leased, was acquired against a three way partnership with Philadelphia-based Cross Properties and 806 Capital from the Isard-Greenberg Company, which owned the building for greater than 3 decades.Plans for the property involve possible conversion to a residential use after some 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 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.Inbuilt 1929, 1616 Walnut Street PA was lauded being an architectural marvel back then, receiving top honors at the 12th International Buildings Congress in Budapest. Its five-story parking garage achieved it one of 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 as the company’s amount of 1701The new owners of the building desire to “detenant” 1616 Walnut. Does anyone notice any similarity between destroy, demolish, destruct and detenant? Yes, they actually hold the right to not renew your lease. However, there are plenty of things which guard against being “thrown into your street”