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 via three way partnership with Philadelphia-based Cross Properties and 806 Capital coming from the Isard-Greenberg Company, which owned the building for more than three decades.Plans for the property involve possible conversion to a residential use over time.Jones Lang LaSalle is retained to manage the building.1616 Walnut encompasses 188,560 square feet of work place, 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 as well as the regional rail lines at Suburban Station.Inbuilt 1929, 1616 Walnut Street PA was lauded as an architectural marvel when it occurs, receiving top honors for the 12th International Buildings Congress in Budapest. Its five-story parking garage made it among the first properties to feature on-site parking, that's then considered a novelty. The enduring property was listed on 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 will have the right to not renew your lease. However, there are numerous things which protect you from being “thrown on the street”