PernaFrederick Vice President Joseph Viturello Brokered 3 Leases Signed at 1608 Walnut Street

3 LEASES SIGNED AT 1608 WALNUT STREET FOR A TOTAL SF OF 29,323 AND AN AGGREGATE TOTAL OF $5.5 MILLION.

PernaFrederick Commercial Real Estate is pleased to announce the relocation of Pierce College to 1608 Walnut Street, Philadelphia, PA, where they will occupy the entire 19th floor. The 11,693 SF space allows Peirce to create a flexible and modern space to better meet the changing needs of their students, faculty and institution. The team of Stephen Perna and Daniel Gummel of PernaFrederick acted on behalf of Peirce, while Joseph Viturello of PernaFrederick represented the landlord, PMC Property Group.

Also signing leases are Utility Emergency Services Fund and Penn Medical Associates. UESF nearly doubled their space on multiple floors to better serve their clients, employees and expanding programs. Tactix Real Estate Advisors represented the tenant in this transaction. Penn Medical Associates is opening their first Philadelphia location on the 17th floor. Penn Medical has multiple offices in New York and New Jersey areas. Emily Stein of Vantage Commercial Real Estate represented the tenant in this transaction.

Joseph Viturello, a vice president of PernaFrederick, brokered all of these transactions on behalf of the landlord. Viturello states “the addition of these quality tenants to the building enhances the tenant roster and types of industries represented at the property”.

1608 Walnut Street is a 19-story, 226,695 SF Class “B” office building located on the 16th block of Walnut Street. The building is owned and managed by PMC Property Group.