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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 Yorkoffice, 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 2001Pennsylvania Ave. northwest of Logan Circle and just south of thePhiladelphia Art Museum and the Rodin museum from which it takesits name. The building was converted in 1989 from a formerwarehouse structure that was completed in 1929. A single-storyWhole Foods grocery was added to the property in 1996. Currently,Rodin Place is 98% leased.
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