Newmark Announces 17,239-Square-Foot Lease at 1430 Walnut Street in Philadelphia, PA

Newmark announces the 17,239-square-foot office lease to leading real estate technology company, Compass, Inc. (“Compass”), at 1430 Walnut Street in Philadelphia, Pennsylvania. Located on the corner of 15th and Walnut Streets, this property provides the real estate firm a notable presence on the most prominent retail street in Philadelphia.

Newmark Executive Managing Director Craig Scheuerle and Managing Director Matthew Guerrieri represented the landlord and developer, Midwood Investment & Development (Midwood) – a leading national real estate investment and development firm founded in 1925 – in the lease transaction. Savills Senior Managing Directors Joshua Meltzer and Jay Joyce represented Compass.

1430 Walnut Street was designed by Bohlin Cywinski Jackson and developed by Midwood in 2015. The award-winning property’s other tenants include The Cheesecake Factory, Verizon Innovation Center, &pizza and SPiN. The space has unique features such as a private rooftop terrace with views of the city, an expansive window-line, open ceilings and hardwood floors throughout.

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