1619 Walnut Street

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer 1619 Walnut Street, a 34,795 square foot, high street retail / mixed-use asset ideally located along 16th and Walnut Street in Center City Philadelphia, PA.

The Offering provides investors the rare opportunity to acquire a mixed-use asset in the heart of Philadelphia’s Center City West neighborhood on the 1600 block of Walnut Street, Philadelphia’s premier shopping district, directly adjacent to Rittenhouse Square. At it’s current occupancy, investors will have the opportunity to re-lease the vacant space, or convert the space to residential, and further diversify the merchandising mix to service the significant daytime population of workers / commuters, residents, tourists and shoppers that work, live or visit the area.

The Property’s CMX-5 zoning provides the highest and best possible development capacity by-right in the city of Philadelphia. With a max FAR of 1200% with an additional 800% of bonuses, the asset will present new ownership a rare opportunity to redevelop along one of the premier corridors in Philadelphia’s commercial district. Furthermore, the rectangular floorplans of the building make it an ideal candidate for a conversion to boutique residential.

1619 Walnut Street provides investors a generational opportunity to acquire scarcely available, irreplaceable real estate within the prestigious Center City West submarket, situated within walking distance to Rittenhouse Square and a multitude of world-renowned entertainment, dining and shopping amenities that the neighborhood has to offer.