Binswanger Executes Four Leases at 1500 Walnut Street in Philadelphia, PA

Business Wire,  June 25, 2008  

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PHILADELPHIA -- On behalf of 1500 Walnut Enterprises, LLC, Binswanger is pleased to announce the recent execution of four leases totaling 9,303 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 3,665 sq. ft. to Robert H. Wise Management, Inc.; 3,006 sq. ft. to Opportunities Industrialization Centers International, Inc. (represented by Colliers); 2,032 sq. ft. to Hurley, Francis & Associates; and 600 sq. ft. to Community Voter Project.

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 fa[?]ade, 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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