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Compass Inc. Leases 17239 Square Feet At 1430 Walnut St Philadelphia From Midwood Investment And Development

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LEASED

Pennsylvania

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Office17,239 SF
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LEASED

Compass Inc. Leases 17239 Square Feet At 1430 Walnut St Philadelphia From Midwood Investment And Development

1430 Walnut St, Philadelphia, PA, 19102

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Office17,239 SF
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Summary

PENNSYLVANIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:17,239 SF
Transaction Type:Lease

The property involved in this transaction is located at 1430 Walnut St, Philadelphia, PA, 19102. It is an office space with an area of 17,239 square feet. The market for this lease is Philadelphia, and it was built in 2015. The property also currently houses tenants such as The Cheesecake Factory and Verizon Innovation Center.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 1430 Walnut St, Philadelphia, PA, 19102
  • Square Feet: 17,239
  • Tenant: Compass Inc.
  • Landlord: Midwood Investment and Development
  • Tenant's Representative: Josh Meltzer, Compass
  • Landlord's Representatives: Craig Scheuerle and Matthew Guerrieri, Newmark
  • Tenant's Additional Representative: Jay Joyce, Savills Inc.

The leasing deal for the space at 1430 Walnut St was characterized by the involvement of several key individuals from both sides. On the landlord's side, Craig Scheuerle and Matthew Guerrieri represented Midwood Investment & Development while Josh Meltzer and Jay Joyce represented the tenant, Compass Inc. This collaboration reflects the effort from both parties to finalize the lease agreement.

Players

Josh Meltzer
1 deal
BROKER

Midwood Investment & Development
LANDLORD

Details

LEASED
IMAGE: 1430 Walnut St, Philadelphia, PA, 19102 MARKET: Philadelphia TENANT'S REP: Josh Meltzer(Compass) TENANT: Compass Inc. LANDLORD: Midwood Investment and Development SQUARE FEET: 17239

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Deal Type
Effective Rent (Annual)

$988,129.08

Total Lease Value

$9,881,290.77

Net Landlord Cash Flow$988,129.08