C&W Extends Northeast Reach, Intensifying Activity in Regional Office

NEW YORK CITY-Cushman & Wakefield Inc.’s president of US operations Bruce E. Mosler announced from the company’s headquarters here that there is heightened focus on expanding the company’s name brand recognition in the Northeast Corridor. Yesterday, John P. Derham was appointed senior managing direct and branch manager of the Philadelphia office. Also, C&W has secured two major transactions through this office.

Cushman & Wakefield of Pennsylvania Inc. was named the new property manager of 1608 Walnut Street in Center City Philadelphia earlier this week. Totaling 240,000 sf and 19 floors, the building was cataloged in the National Register of Historic Places in 1983. Constructed in 1929, it was designed by Philadelphia’s Tilden, Register & Pepper. Once the headquarters of Sun Oil Co., in 1981 it was renovated once vacated and the 19th floor offices of Philadelphia’s famous Pew family were restored.

Managing a property on Walnut Street in Philadelphia is a critical step in advancing the company recognition there and in the mid-Atlantic to Northeast region. Walnut Street is Philadelphia’s premier restaurant and shopping area with award winning, very pricey dining options such as Le Bec Fin, Brasserie Perrier, Striped Bass, Circa and Susana Foo. Rittenhouse Square begins at the corner of Walnut Street and 18th Street with its expensive hotels that have hosted Bruce Willis and Oprah Winfrey while filming in the city, as well as high-end shops and plastic surgeons.