New Owner of 1635 Market to Invest $5 Million in Renovations

Photo via Loopnet.

According to the Inquirer’s Erin Arvedlund, New York-based firm Nightingale Properties has bought Seven Penn Center, the 19-story building at 1635 Market Street.

The Tuesday purchase was made at an undisclosed price, but plans for a $5 million dollar renovation are already in the works as real estate agents with CBRE, the company marketing the property, say its new owner is “committed to transforming 1635 Market into a modern, high tech facility.” Changes are set to include the structure’s “facade, main lobby, concourse elevators, common corridors and bathrooms.”

In a statement, agent Kevin Maloney said the building could possibly offer one tenant “86,000 square feet across six floors.”‘

New York firm buys 1635 Market in Center City [Inquirer]