Shorenstein Acquires 1818 Market Street

PHILADELPHIA, PA—Shorenstein Properties has acquired 1818 Market Street, a 988,000 square foot commercial office tower in the city's Market Street West submarket.

By Steve Lubetkin | Updated on April 23, 2015

PHILADELPHIA, PA—Shorenstein Properties has acquired 1818 Market Street, a 988,000 square foot commercial office tower in the city’s Market Street West submarket.

The class A office building includes ground floor retail space, parking for more than 400 vehicles and is the headquarters location for both Beneficial Bank and retailer Five Below. The building is near Comcast Corporation’s 1.5 million square foot Innovation and Technology Center, a 59-story mixed-use tower now under construction adjacent to Comcast’s current headquarters, and is surrounded by new residential development designed to appeal to a growing population of young professionals choosing to live and work in Philadelphia’s Center City area.

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