PernaFrederick Brokers Two Leases for Walnut Street Buildings with Aggregate Rental Exceeding $1 Million
PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented one tenant and one building owner in the negotiation of two lease agreements for approximately 9,280 square feet of space in office structures fronting Walnut Street here that have a combined aggregate rental exceeding $1 million.
The brokerage team of Matt Frederick, a principal, Vice Presidents Keith Kiner and Joe Viturello, and Associate Michael Anderson at PernaFrederick, brokered all of the agreements.
In the largest of the leases, Home Care Associates, Inc., extended its lease of some 8,180 square feet on the 10th floor of 1500 Walnut in a renewal contract negotiated by Viturello and Frederick who represented the tenant in finalizing the space contract with 1500 Walnut Enterprises, LLC.
Home Care Associates is a worker-owned company that provides homecare training for caregivers and respite providers.
According to Frederick, the aggregate rental of the lease extension exceeds $870,000.
At 1315 Walnut Anderson represented Luminous Chiropractic, the tenant, and Kiner represented Goldman Properties, the building owner, in the lease of approximately 1,100 square feet on the 14st floor of the 18-story building.
Luminous Chiropractic P.C. is one of sixteen practices in the entire country to utilize video fluoroscopy or motion x-ray, plain film x-ray, and thermography scan technology that enables the firm to identify the underlying cause of many health concerns and achieve its primary goal of structural correction.
Aggregate value of the Luminous Chiropractic lease is approximately $145,000.
