Curtis Center Could Sell for $135M

View Comments ()



    Inside the Curtis Center.

    The Curtis Center, having cinched up two of its main tenants, has come up for sale and could potentially sell for upwards of $135 million or more.

    The 13-story, 886,000-square-foot building at 601 Walnut St. in Philadelphia last traded in 2006 for $94 million. It is owned by a fund managed by Apollo Global Real Estate and has been put up for sale a couple of times over the last five years with a deal never being struck. This time around, with the investment market more stable, the building has a better chance of selling.

    Robert Fahey, Jerry Kranzel and Francis Coyne of CBRE Inc. are marketing it.

    The General Services Administration renewed a lease on roughly 205,000 square feet through 2020 and the Public Defender’s re-upped its lease on 65,000 square feet until 2023. That solidifies two big tenants for the long term. The building is 85 percent leased up giving a prospective investor a value-add opportunity. 

    Read more about this story at