PHILADELPHIA, PA—Shorenstein Properties has completed the initial phase of a renovation of 1818 Beneficial Bank Place, the class A Market Street West office tower it acquired earlier this year.

In the initial phase, a large portion of the 30^th floor has been returned to a state not seen since the building was constructed in the early seventies, with exposed concrete decking and the removal of interior walls to open up more of the space for use as a traditional office or an open-plan collaborative environment. Shorenstein has doubled the window line for the space to create more natural light and increase the floor's city views.

Approximately 10,700 square feet of white-boxed space is now immediately available to tenants. The landlord plans to make similar improvements to other tenant space as it becomes available.

Future phases of the multimillion dollar capital improvement plan will include cleanup and renovation of the 37-story building's façade, modernization of the 1980s-era elevator cabs and the addition of LED lighting throughout the garage as well as lobbies and common areas. Façade renovation will begin later this year.

Located on the corner of Market and 19^th Streets, the building, also known as 1818 Market, includes efficient 30,000 square foot floor plates, high ceiling heights, and above-standard parking. The property offers ground-floor retail, including the popular Marathon Grill with outdoor seating in its plaza.

The property has a 408-stall parking garage on floors 2-6 and is convenient to public transit.

Instant Insights /

Shorenstein Completes First Phase of 1818 Market Rehab

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