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1616 Walnut Street PA Evictions - A Sitting Tenant's RightsChevy Chase, MD-based Federal Capital Partners has acquired [http://1616walnutstreet.com/ 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 coming from the Isard-Greenberg Company, which owned the building for thirty years.Plans for the property list a possible conversion to a residential use over time.Jones Lang LaSalle continues to be retained to cope with the building.[http://1616walnutstreet.com/ 1616 Walnut] encompasses 188,560 square feet of office space, 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 and the regional rail lines at Suburban Station.In-built 1929, [http://1616walnutstreet.com/ 1616 Walnut Street PA] was lauded being an architectural marvel back then, receiving top honors at the 12th International Buildings Congress in Budapest. Its five-story parking garage achieved it one of the first properties to feature on-site parking, that was then considered a novelty. The long-lasting 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 cost of 1701The new those who own the building want 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 guard against being “thrown directly into street”