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 against a three way partnership with Philadelphia-based Cross Properties and 806 Capital out of your Isard-Greenberg Company, which owned the building for longer than 3 decades.Plans for your property list a possible conversion with a residential use over time.Jones Lang LaSalle has been retained to manage the building.1616 Walnut encompasses 188,560 square feet of office space, 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 and the regional rail lines at Suburban Station.Incorporated 1929, 1616 Walnut Street PA was lauded as a possible architectural marvel when it occurs, receiving top honors for the 12th International Buildings Congress in Budapest. Its five-story parking garage made it one of the first properties to feature on-site parking, that's then considered a novelty. The iconic property was listed in the National Register of Historic Places in 1983 and the Philadelphia Register of Historic Places on January 7, 1982.1616 Walnut marks FCP’s second acquisition in downtown Philadelphia as the company’s costs of 1701The new owners of the building wish to “detenant” 1616 Walnut. Does anyone notice any similarity between destroy, demolish, destruct and detenant? Yes, they do possess the right to not renew your lease. However, there are many things which guard against being “thrown into your street”