Joseph Muldoon, senior vice president of Binswanger, representedboth the landlord and a majority of the tenants. Muldoon was onlyavailable for a quick comment, but mentioned he and his associatesare reveling in their success.

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"We're continuing to get deals done and that's because of allthe improvements we've made and we're offering free rent," Muldoontells GlobeSt.com. If a tenant signs a five-year lease with 1500Walnut, the tenant receives six-months free rent. "We're notoffering it much longer as we're rapidly approaching 90% occupancyrate."

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Robert H. Wise Management Inc. took 3,665 sf; Hurley, Francis& Associates took 2,032 sf; and the Community Voter projecttook 600 sf. Opportunities Industrialization Centers InternationalInc. was represented by Colliers and leased 3,006 sf.

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The typical floor size is 14,553 sf, and the higher floors offerpanoramic views of the city. Taking rent at 1500 Walnut is $19.50plus electric, which Muldoon said in the past was "an attractivenumber in this market."

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The Center City building is graded class B because of its age,but the ownership has invested $8 million in capital improvementsfor a new façade, a new updated HVAC system, six high-speedelevators, renovated restrooms, lobby and common areas. Thebuilding also features a covered garage with 160 parking spaces.Muldoon earlier described the building as catering to smaller"boutique" tenant.

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"I mean, what's not to like about new heating, bathrooms andelevators? The neat thing about these old buildings is that whenthey are fixed up they are just as nice, and more uniquethan the new ones," Muldoon told GlobeSt.com in early May.

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1500 Walnut is near commuter rail systems such as the BroadStreet Subway, Market-Frankford Line, the Regional Rail system andthe PATCO Hi-Speedline.

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