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PHILADELPHIA-New York-based Valhal Corp. obtained a $33-million, fixed-rate loan for Rodin Place, a 301,595-sf mixed-use property. Keith Braddish, senior director in LJ Melody & Co.’s New York office, and Robert Krawiecki, of the company’s local office, arranged the financing through Morgan Stanley Mortgage Capital Inc. Terms of the loan are undisclosed.

Rodin Place is located at 2000 Hamilton St. and 2001 Pennsylvania Ave. northwest of Logan Circle and just south of the Philadelphia Art Museum and the Rodin museum from which it takes its name. The building was converted in 1989 from a former warehouse structure that was completed in 1929. A single-story Whole Foods grocery was added to the property in 1996. Currently, Rodin Place is 98% leased.

Plans for a $48-million, 10-story condominium at 22nd and Hamilton streets by local developer Joseph Pacitti are in various stages approvals. Its residents would be served by Rodin Place retail. In addition, a long-planned museum devoted to three generations of Calders–Alexander Calder; his father, Alexander Stirling Calder, who designed the Swann Memorial Fountain at Logan Circle; and his grandfather, Alexander Milne Calder, who created the statue of William Penn on the top of City Hall here–is also expected to be built in this neighborhood, but has been put on hold awaiting approvals of Calder heirs.

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