Cushman & Wakefield of Pennsylvania Inc. was named the newproperty manager of 1608 Walnut Street in Center City Philadelphiaearlier this week. Totaling 240,000 sf and 19 floors, the buildingwas 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., in1981 it was renovated once vacated and the 19th floor offices ofPhiladelphia's famous Pew family were restored.

Managing a property on Walnut Street in Philadelphia is acritical step in advancing the company recognition there and in themid-Atlantic to Northeast region. Walnut Street is Philadelphia'spremier restaurant and shopping area with award winning, verypricey dining options such as Le Bec Fin, Brasserie Perrier,Striped Bass, Circa and Susana Foo. Rittenhouse Square begins atthe corner of Walnut Street and 18th Street with its expensivehotels that have hosted Bruce Willis and Oprah Winfrey whilefilming in the city, as well as high-end shops and plasticsurgeons.

The sale of 1800 and 1880 John F. Kennedy Boulevard is also amajor notch on C&W's belt. Robert Fahey, Lizann McGowan andJames Vesey of the Financial Services Group in the Philadelphiabranch represented the seller, 1800/1880 JFK Joint Venture. JFKJoint is a partnership between Verizon Properties and MetropolitanLife. The new owner is Rahway, NJ-based Denholtz Associates.