TIAA-CREF: No Tenant Changes to 1619 Walnut Street

1619 walnut street

Screen shot of 1619 Walnut Street via Google Street View.

Yesterday we wondered what TIAA-CREF might do with 1619 Walnut Street, which it recently purchased for around $18 million. We thought perhaps the company itself would occupy some part of the building, but a broker contact who wanted to remain anonymous disagreed: “I’m pretty sure they bought this as an investment vehicle for their retirement portfolio, not to occupy. The whole building is leased.” And, he said, TIAA-CREF does have a substantial portfolio of retail real estate.

His hunch was correct. A TIAA-CREF spokesperson got back to us yesterday to provide this official comment, “TIAA-CREF plans to maintain the current mix of office and retail tenants at 1619 Walnut Street.”

Former Home of Brasserie Perrier Sells for $18 Million

Around the Web

Be respectful of our online community and contribute to an engaging conversation. We reserve the right to ban impersonators and remove comments that contain personal attacks, threats, or profanity, or are flat-out offensive. By posting here, you are permitting Philadelphia magazine and Metro Corp. to edit and republish your comment in all media.