24,032 SF Retail Space Available in Former Drexel Bank Headquarters
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24,032 SF retail space available in Five story prime retail space on the highly former Drexel Bank headquarters coveted corner of 15th and Walnut Streets in Center City Philadelphia Area Tenants The space was most recently used as an LA Apple, Anthropologie, Barbour, Butcher & Fitness Singer, Cheesecake Factory, Club Monaco, Coach, Diesel, The Gap, GUESS, Kenneth Cole, Lacoste, The space consists of a ground floor, Lululemon, Max Brenner, Nicole Miller, Ralph Lauren, basement, sub-basement, and two mezzanines Tiffany & Co., Urban Outfitters, Williams-Sonoma open to the ground floor Demographics Beautiful original details remain throughout such 2015 Population Estimate Center City: as high ceilings with magnificent architectural Over 183,000 residents & 294,000 workers detail and oversized windows overlooking 15th 2015 average daily pedestrian activity: 25,000 and Walnut Streets Located three blocks from Rittenhouse Square 2015 Statistics for Center City and one block from Broad Street 3,073 Center City storefronts in the heart of the city's booming commercial, 3.1 million occupied hotel room nights retail, residential, and dining district 116,000 college students 1 billion dollars in retail demand The Drexel Building, listed on the National Over 6.7 billion dollars in major construction Register of Historic Places, is a seven story projects underway building originally built between 1925 and 1927 as the headquarters for Drexel and Company Square Footage Breakdown Sub-Basement: 2,593 NNN Lease Basement: 4,776 U&O Tax: $1.42 psf Ground Floor: 5,185 Mezzanine 1: 5,893 Operating Expenses: 25.56% (est. $9.05 psf) Mezzanine 2: 5,585 Real Estate Tax and CCD Tax (2017): est. $7.42 psf Total: 24,032 *Plus electric and water **Escalations will be passed through to tenant The Drexel Building AllanDombRealEstate 1435 Walnut Street, Philadelphia, PA 215.545.1500 [email protected] www.thedrexelbuilding.com www.allandomb.com Although deemed accurate, this information is subject to errors, omissions and changes without notice. Boathouse Row SPRING GARDEN STREET HAVERFORD AVENUE CALLOWHILL STREET SPRING GARDEN STREET 31ST The Barnes Foundation The Victor Radio Lofts VINE STREET EXPRESSWAY VINE STREET EXPRESSWAY VINE STREET Cooper’s Crossing 2.6mi FRANKLIN SQUARE 35TH BENJAMIN FRANKLIN BRIDGE LOGAN Venice Lofts 7.7mi SQUARE Hahnemann University Hospital POWELTON AVENUE RACE STREET RACE STREET Academy of L I Natural Sciences Pennsylvania A National Constitution Center R Convention T Center R African American Betsy Ross Cira Center E Museum V Comcast Center House I ARCH STREET R ARCH STREET L L JFK STREET BROAD I PLAZA K Market East Station L Y JOHN F KENNEDY BLVD FILBERT STREET U Suburban Station H 3RD 4TH 32ND 34TH 33RD SCHUYLKILL RIVER C 30th Street Station S US Post Office MARKET STREET CITY HALL National Museum of Drexel Law School American Jewish History 6TH 7TH 8TH DELAWARE RIVER DELAWARE 9TH 5TH DREXEL UNIVERSITY 10TH 15TH 2ND 11TH 13TH 36TH 16TH 12TH 18TH 17TH 19TH 30TH 20TH Liberty Bell 22ND 23RD 24TH Shops at CHESTNUT STREET Liberty Place CHESTNUT STREET Thomas Jefferson Independence Hall S COLUMBUS BOULEVARD UPenn Law School University Hospital SANSOM STREET SANSOM STREET STREET FRONT UNIVERSITY OF PENNSYLVANIA Penn’s Landing WALNUT STREET RITTENHOUSE ROW SHOPPING DISTRICT WALNUT STREET Shops at the Bellevue RITTENHOUSE UNIVERSITY SQUARE SQUARE SHOPPING DISTRICT WASHINGTON The Palestra LOCUST STREET SQUARE PENN PARK Academy of Music UPenn: Wharton School of Business Independence Historic Center 25TH Merriam Theater Franklin Field Wilma Theater SPRUCE STREET SPRUCE STREET University of Pennsylvania Kimmel Center for UPenn Hospital Museum of Archaeology The Performing Arts & Anthropology Rosenbach Museum UPenn School of Medicine PINE STREET ANTIQUE ROW PINE STREET Penn Medicine Headhouse Square at Rittenhouse AVENUE OF THE ARTS THE OF AVENUE 26TH Suzanne Roberts Theatre Children’s Hospital LOMBARD STREET LOMBARD STREET of Philadelphia STARR GARDEN PARK SCHUYLKILL EXPRESSWAY SOUTH STREET SHOPPING DISTRICT SOUTH STREET SOUTH STREET Theater of the Living Arts 27TH BAINBRIDGE STREET BAINBRIDGE STREET FITZWATER STREET FITZWATER STREET Philadelphia International Airport Lincoln Financial Field E. PASSYUNK AVENUE EXPRESSWAY DELAWARE Citizen’s Bank Park CHRISTIAN STREET CHRISTIAN STREET ITALIAN MARKET ITALIAN CARPENTER STREET WASHINGTON AVENUE ELLSWORTH STREET Represents Dranoff Projects The Drexel Building AllanDombRealEstate 1435 Walnut Street, Philadelphia, PA 215.545.1500 [email protected] www.thedrexelbuilding.com www.allandomb.com Although deemed accurate, this information is subject to errors, omissions and changes without notice. Boathouse Row SPRING GARDEN STREET HAVERFORD AVENUE CALLOWHILL STREET SPRING GARDEN STREET 31ST The Barnes Foundation The Victor Radio Lofts VINE STREET EXPRESSWAY VINE STREET EXPRESSWAY VINE STREET Cooper’s Crossing 2.6mi FRANKLIN SQUARE 35TH BENJAMIN FRANKLIN BRIDGE LOGAN Venice Lofts 7.7mi SQUARE Hahnemann University Hospital POWELTON AVENUE RACE STREET RACE STREET Academy of L I Natural Sciences Pennsylvania A National Constitution Center R Convention T Center R African American Betsy Ross Cira Center E Museum V Comcast Center House I ARCH STREET R ARCH STREET L L JFK STREET BROAD I PLAZA K Market East Station L Y JOHN F KENNEDY BLVD FILBERT STREET U Suburban Station H 3RD 4TH 32ND 34TH 33RD SCHUYLKILL RIVER C 30th Street Station S US Post Office MARKET STREET CITY HALL National Museum of Drexel Law School American Jewish History 6TH 7TH 8TH DELAWARE RIVER DELAWARE 9TH 5TH DREXEL UNIVERSITY 10TH 15TH 2ND 11TH 13TH 36TH 16TH 12TH 18TH 17TH 19TH 30TH 20TH Liberty Bell 22ND 23RD 24TH Shops at CHESTNUT STREET Liberty Place CHESTNUT STREET Thomas Jefferson Independence Hall S COLUMBUS BOULEVARD UPenn Law School University Hospital SANSOM STREET SANSOM STREET STREET FRONT UNIVERSITY OF PENNSYLVANIA Penn’s Landing WALNUT STREET RITTENHOUSE ROW SHOPPING DISTRICT WALNUT STREET Shops at the Bellevue RITTENHOUSE UNIVERSITY SQUARE SQUARE SHOPPING DISTRICT WASHINGTON The Palestra LOCUST STREET SQUARE PENN PARK Academy of Music UPenn: Wharton School of Business Independence Historic Center 25TH Merriam Theater Franklin Field Wilma Theater SPRUCE STREET SPRUCE STREET University of Pennsylvania Kimmel Center for UPenn Hospital Museum of Archaeology The Performing Arts & Anthropology Rosenbach Museum UPenn School of Medicine PINE STREET ANTIQUE ROW PINE STREET Penn Medicine Headhouse Square at Rittenhouse AVENUE OF THE ARTS THE OF AVENUE 26TH Suzanne Roberts Theatre Children’s Hospital LOMBARD STREET LOMBARD STREET of Philadelphia STARR GARDEN PARK SCHUYLKILL EXPRESSWAY SOUTH STREET SHOPPING DISTRICT SOUTH STREET SOUTH STREET Theater of the Living Arts 27TH BAINBRIDGE STREET BAINBRIDGE STREET FITZWATER STREET FITZWATER STREET Philadelphia International Airport Lincoln Financial Field E. PASSYUNK AVENUE EXPRESSWAY DELAWARE Citizen’s Bank Park CHRISTIAN STREET CHRISTIAN STREET ITALIAN MARKET ITALIAN CARPENTER STREET WASHINGTON AVENUE ELLSWORTH STREET Represents Dranoff Projects The Drexel Building AllanDombRealEstate 1435 Walnut Street, Philadelphia, PA 215.545.1500 [email protected] www.thedrexelbuilding.com www.allandomb.com Although deemed accurate, this information is subject to errors, omissions and changes without notice. BUILDING OVERVIEW The available space is located within The Drexel Building, a historic bank building with frontage on both Walnut and 15th Streets. The Drexel Building was built between 1925 and 1927 as the headquarters for Drexel and Company, which was subsequently dissolved in the 1930s. The building was built in a Renaissance Palazzo style; it is faced in ashlar granite and features a rounded entrance portal, low relief zodiac roundels and carved shields. The Drexel Building was added to the National Register of Historic Places in 1980. The space is situated along a five-block section of Walnut Street with almost no vacant retail space. It is home to high-end retailers such as Apple, Barbour, Club Monaco, Guess, Intermix, Kenneth Cole, Lacoste, Lagos, Lululemon, Theory, Tiffany & Co., Tumi, Vince and Williams-Sonoma. L I A R T R E V I R L L I K L Y U H C S US Post Oce MARKET STREET CITY HALL 15TH 16TH 18TH 20TH 19TH 17TH 22ND 28 3 30 20 23 CHESTNUT STREET 6 21 7 34 5 19 SANSOM STREET 5 14 38 12 44 3241 3742 24 1 15 251622 18 17 14 WALNUT STREET ST. BROAD 3327 3539 26 2 4 31294043 10 8 RITTENHOUSE 6 36 SQUARE 11 9 LOCUST STREET 13 6 46 50 51 MAP SPRUCE STREET RESTAURANTS SHOPPING 42 1. Alma de Cuba 14. Anthropologie 27. Intermix10 41. Tumi 2. Butcher & Singer 15. Apple 28. Joan Sheep 42. Vince 3. The Continental 4316. Barbour 29. Kenneth Cole 43. Williams-Sonoma 4. Cheesecake Factory 17. Barnes & Noble 30. Knit Wit 5. The Dandelion 18. Barneys 31. Lacoste MISCELLANEOUS 6. Devon Seafood Grill 19. Benjamin Lovell Shoes 32. Lagos 7. Di Bruno Bros. 20. Bloomingdale’s, 33. Lululemon 44. Union League PINE8. STREETLacroix The Outlet Store 34. Nordstrom Rack 9. Parc 21. Boyds 35. Paper Source 10. Rouge 22. Club Monaco 36. Ralph Lauren 11. Schlesinger’s Restaurant 23. Five Below48 37. Steve Madden & Delicatessen 24. Free People 38. Sophy Curson 12. Serafina 25. Govberg Jewelers 39. Theory 13. Tequilas 26. Guess 40. Tiffany & Co. SUB BASEMENT, 2,593 SF Mechanical Closet Fire Stair Maintenance Closet Not Surveyed Surveyed Not Surveyed MORAVIAN STREET MORAVIAN STREET WALNUT Electrical Closet Not Surveyed Maintenance Closet Not Surveyed 15TH STREET BASEMENT, 4,776 SF Toilets Not Surveyed Toilets Women’s