PernaFrederick Brokers Two Agreements for 7,800 SF at 1608 Walnut Street Worth $750,000

PHILADELPHIA, PA — PernaFrederick Commercial Real Estate has represented 1608 Walnut Associates, L.P, the limited partnership that owns 1608 Walnut Street here, in the negotiation of two long-term office leases for approximately 7,800 square feet of space having a combined aggregate rental exceeding $750,000.

Joe Viturello, a vice president of PernaFrederick, represented the landlord in extending an existing lease with the Snyman Chiropractic Group for approximately 5,150 square feet on the 6th floor of the 19-story, 232,000 square foot building.
Snyman Chiropractic Group was represented in the renewal negotiations by Karl Schwemlein, a broker with MS Fox Real Estate.

According to Viturello, Snyman Chiropractic Group established its offices at 1608 Walnut in 2006 and the renewal agreement will continue that occupancy to the later years of this decade.

In a second lease, Viturello brokered a long-term lease agreement with the Belles Group, P.C. for approximately 3,558 square feet on the 13th floor of the building. Scott Lewis, with MS Fox, cooperated with PernaFrederick and represented The Belles Group that is relocating from 404 South 16th Street in Center City.

The Belles Group, P.C. specializes in the legal representation of companies in all aspects of intellectual property procurement, enforcement and management on both the national and global stages.