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 percent 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 more than thirty years.Plans for your property list a possible conversion to the residential use over time.Jones Lang LaSalle is retained to cope with the building.1616 Walnut encompasses 188,560 square feet of office layout, 7,210 square feet of retail space plus 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.Built in 1929, 1616 Walnut Street PA was lauded for an architectural marvel at the time, receiving top honors with the 12th International Buildings Congress in Budapest. Its five-story parking garage got there one of the first properties to feature on-site parking, which was then considered a novelty. The iconic property was listed on your 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 following the company’s cost 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 generally do develop the right to not renew your lease. However, there are plenty of things which protect you from being “thrown into the street”