December 6, 2021 10:00 AM
Newmark Real Estate (“Newmark”) announces that 1500 Market Street, owned by Nightingale Properties and Wafra Capital Partners Inc., has received two Building Owners and Manager Association (BOMA) Philadelphia 2021 ‘Best of the Best’ Awards – Best City Lobby and Best Community Impact. Newmark Senior Managing Director Jack Soloff and Executive Managing Director Craig Scheuerle serve as exclusive leasing advisors for the Philadelphia property.
BOMA Philadelphia’s Best of the Best City Lobby award recognizes buildings with innovative lobbies that leave a lasting impression. After acquiring 1500 Market Street in 2017, building ownership undertook a complete lobby renovation. The dated interior was updated to a bright and modern design featuring stainless steel revolving doors with imported Pilkington glass; a welcoming Concierge desk finished with white lacquered wood; upgrades to security stations with new LED lighting; and ceiling upgrades with 8’ and 10’ LED linear lighting. The lobby walls were updated with large-format white porcelain tiles and the floors with a mixture of white and gray terrazzo. From a public art standpoint, world-renowned artist Jean DuBuffet’s stainless steel sculpture–“MiLord La Chammare”–was moved from the building’s exterior, restored and replaced in its original 1970’s lobby location.
BOMA Philadelphia’s Best of the Best Community Impact award is presented to building ownership and/or management that is recognized for civic contributions. 1500 Market Street and The Nightingale Group were recognized for being active members of the local community through organizing and donating office space for blood drives, participating in the WMMR Camp Out for Hunger food drive campaign, partnering with the Support Center for Child Advocates to participate in its annual Holiday Toy Drive, illuminating the building for the Lights for the Cure campaign and other worthwhile causes.
“We are proud to congratulate Nightingale Properties and Wafra Capital Partners on winning these prestigious awards,” said Soloff. “The recent renovations created a striking lobby that tenants are proud to enter and the numerous civic contributions from building ownership and management make the building a tremendous asset to the community.”
1500 Market Street is a 1.87 million-square-foot office complex in the heart of downtown Philadelphia featuring two high-rise towers connected by a six-story atrium. The property’s East and West office towers are 36- and 42-stories, respectively. The property recently underwent a complete renovation; in addition to the award-winning lobby upgrades, ownership also completed upgrades to the courtyard and elevators. Property amenities include staffed FedEx/UPS transaction counters, on-site daycare, on-site banking services and options for on-site coffee. The office asset is highly accessible by either car or public transportation, featuring a 450-space private, covered parking garage and direct concourse access to SEPTA regional rail lines and PATCO high speed line.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.