On behalf of 1500 Walnut Enterprises, LLC, Binswanger is pleased to
announce the recent execution of five leases totaling 32,590 sq. ft. at
1500 Walnut Street. The 325,000 sq. ft., 22-story, twin tower office
building is prominently located in Center City Philadelphia, Pa.
Representing the landlord and a majority of tenants, Joseph M. Muldoon,
senior vice president of Binswanger, leased 13,680 sq. ft. to EDS, Inc.
(represented by Grubb & Ellis); 7,292 sq. ft. to Silva & Associates;
5,086 sq. ft. to PICA; 4,500 sq. ft. to James Jarret Schwartz
(represented by Perna Frederick Real Estate); and 2,032 sq. ft. to
Hurley, Francis & Associates.
The premier building features panoramic city views and a typical floor
size of approximately 14,553 rentable sq. ft. Ownership has invested in
excess of $8 million in improvements, including a new façade,
six high-speed passenger elevators, renovated restrooms, lobby and
common areas, and a new HVAC system. Additionally, a covered garage
features 160 parking spaces.
Strategically located at the southwest corner of 15th
and Walnut streets, the property provides convenient access to a vast
commuter rail system including the Market-Frankford Line, the Broad
Street Subway, the Regional Rail system and the PATCO Hi-Speedline.
Headquartered in Philadelphia, Pa., Binswanger is an international
full-service real estate organization with offices worldwide throughout
the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the
Middle East, and Asia.
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