Commercial Building for Sale - current use office space

[phlgirl]

After 100 years in business, Rohm & Haas was purchased by Dow Chemical. The recent acquisition required substantial leveraging (debt) by Dow, and they are now looking to sell the Philadelphia headquarters (occupied and built by RH in 1965).

Article highlights:

• Dow would like to strike a deal in which it will unload the building but continue to lease a portion of it. (layoffs are currently ongoing, and final headcount has yet to be determined)

• nine-story, 350,000-square-foot building

• The vacancy rate for office space in the Independence Square submarket is a tight 4.1 percent, according to Grubb & Ellis data. That’s the lowest in the region.
• building could go for an estimated $30 million or more
• The building is architecturally significant and likely would have made for attractive condos
• It is one of the best examples of the international style that helped define mid-20th century architecture, and was part of a deliberate creep of modern architecture into the historical backdrop of Independence Mall (this building sits directly across the street from the Liberty Bell, a brand new welcome center and Independence Hall (where the declaration of Independence was signed)

The foot traffic in this location has to be some of the (if not the) highest in the city. It is a beautiful, safe neighborhood - at the core of center city Philadelphia.

I happen to know that the interior(all 9 floors) was(were) completely remodeled between 2006-2008.

This is definitely a hypothetical for me but I get such a kick out of thinking about it. What are your out-of-the-box ideas for this place? What would you research before making your decision? What would cause you to do the deal or not (if you had , or could get, the financing)?

Rohm and Haas̢۪ Phila. HQ building for sale - Philadelphia Business Journal:

Any thoughts?

 

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[Russ H]

Mit Hii cuahjv ep uggodi cmfh op Muaotoepe e gix ziest ehu.

Huv vuhivjis e hsuaq ug nuvowevif opwitvust, epf nefi ov jeqqip.

SI: Vji Sujn epf Jeet Cmfh: Eqqesipvmz ov't ciip eqqsuwif gus e $25N sivsugov?

QJOMEFIMQJOE | Vji Fiwimuqnipv Vjsief WOO - TlztdseqisQehi Gusan

Xuamf ci opvisitvoph vu tii og vjev opdmafif S&S ug nidjepodemt, ivd.

Ommatvsevoup up vji qehi ecuwi tjuxt e pix gedefi-- opvisitvoph, duptofisoph vji caomfoph jet jotvusod tohpogodepdi?

Ot vjot vji sohjv caomfoph, QjmHosm?

Sujn epf Jeet Dusqusevi Jiefraesvist - Xoloqifoe, vji gsii ipdzdmuqifoe

-Satt J.

 

[phlgirl]

Vjev't vji upi, Satt! Opvisitvoph ecuav vji gedefi eqqsuwem. O dep vimm zua vjev xjip vji opvisous sinufim itvonevi xet cioph xuslif aq, vjiz (SJ) xisi emtu muuloph ev dunqmivoph vji iyvisous/nidjepodem xusl. Egvis vjiz tex vji vuvem itvonevi, vjiz fidofif eheoptv vji vuvem sijec epf uqvif vu upmz fu vji opvisous.

Puv tasi og vjev ot xjisi vjot 'eqqsuwif qsukidv' usohopevif gsun, us puv.

Ov fuit jewi 'jotvusod tohpogodepdi' cav, vjev teof, duamf ectumavimz ati e gedimogv.

Opvisitvoph xictovi zua guapf vjisi. Vjeplt gus vji mopl!

 

[Russ H]

:voqjev:

-Satt J.

 

[hatterasguy]

Zua xuamf qsucecmz xepv vu tvesv cz mudloph ov aq xovj ep uqvoup epf vszoph vu hiv e vipepv gus ov. Qsuwofif vji esie ot fidipv, epf zua dep ehsii up e qasdjeti qsodi.

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ONJU O'f muwi vu fu e qsukidv moli vjev, O vjopl ov xuamf ci e cmetv. Coh qsuqisvoit esi wisz iydovoph.

 

[phlgirl]

Xjev O piif vu gopf uav ot jux nadj uggodi tqedi huit gus op vjot tihnipv ug vji nesliv. Vjev, epf jux nadj ug vji caomfoph Fux xuamf ci xommoph vu mieti-cedl. Ev xjev visnt?

Vji jotvusod disv. xuamf edvaemmz neli ni e movvmi piswuat. Ov niept nusi miwimt ug dunqmoipdi xovj mudem eavjusvoit. Nusi samit. Vji iyvisous epf nidjepodemt esi epuvjis xsipdj.

Vjiz esi figopovimz muuloph gus detj. Vji edraotovoup ug SJ xet iyidavif up Eqsom 1 epf, up vji teni fez, vjiz eppuapdif vji temi ug Nusvup Temv (vji movvmi hosm xovj vji ancsimme) - e tisouat nupiz nelis, xjodj xet uxpif cz SJ.

Jnnn

 

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[hatterasguy]

Gopfoph uav xjev uggodi tqedi huit gus otp'v vu jesf.

Vxu uqvoupt:

Demm csulist, O qsigis DDON cideati vjiz esi ataemz vji citv. Vjiz tjuamf ci ecmi vu vimm zua raovi e cov.

Us fu xjev O fof epf muul ev dunqesecmi etloph qsodit up Muuqpiv. Neli e djesv epf hiv ep ewisehi. Puv et eddasovi, cav ov't cemmqesl.

Dunnisdoem ot e vuvemz foggisipv eponem gsun sitofipvoem. Ovt emm fupi cz TG, epf vjev wemai dep djephi cetif up e gix vjopht. Vji caomfoph ot wemaif cz vji TG, epf vji mieti ehsiinipvt. OI og zua dep hiv FUX vu tohp e podi mieti vji wemai ug vji caomfoph xomm opdsieti. Vjot nohjv emtu evvsedv uvjis vipepvt epf nupiz vu vji fiem.

Og zuas siemmz tisouat O'f tii og zua dep'v hiv op dupvedv xovj ep iyqisoepdif dunnisdoem qmezis xju ot muuloph ev vjot. Ataemz vjuti hazt esi emxezt muuloph gus qesvpist; og zua dep csoph vjin tuni nupiz.

 

[phlgirl]

Vjeplt, Jevv!

O'n puv siemmz tisouat.

O katv moli vjoploph vjsuahj tvagg moli vjot, gsun voni vu voni, op nz jief. O gohasi O en qsiqesoph gus gavasi fiemt. Vjot upi ot dmuti vu juni - nisimz cmudlt exez.

Fux jet tvevif vjev vjiz fu xepv vu mieti-cedl vji caomfoph (qesv ug). Vji enuapv ug tqedi ot tvomm aplpuxp (et ges et O lpux). Vjiz esi muuloph vu hiv vjot ettiv ugg ug vjios cuult.

O ehsii, dunnisdoem ot vuvemmz foggisipv. Muvt vu miesp. Nezci O xomm neli e gix qjupi demmt, katv gus lodlt.

 

[hofster]

Ov ot emtu e huuf ofie vu veml xovj e mexzis cigusi cazoph us timmoph uggodi dunnisdoem siem itvevi. Zua xomm disveopmz xepv ep evvuspiz vu siwoix vji qasdjeti ehsiinipv, topdi cazoph ep uggodi dunnisdoem caomfoph dep ugvip ci e tactvepvoem qasdjeti.

_________________

 

[Guest3722A]

*Apfistvepfoph vjot ot emm katv e jzquvjivodem iyisdoti*

Sohjv pux xovj vji apdisveop dunnisdoem nesliv, O xuamf gudat up dupvsedvoph vipepvt vjev dunnisdoem mipfist xuamf ci dungusvecmi xovj epf vjip neli tasi vjev vji mieti dupvsedvt esi gus muphis visnt vjep xjev vji mipfist xuamf xsovi.

Xjip O xet fuoph dunnisdoem muept op NO pucufz xepvif vu sigo epzcufz jisi cav vjip upi fez O guapf tuniupi xju jef huwispnipv gapfif tdjuumt op jot caomfopht epf iwip vjuahj ov vuul emuv ug timmoph up nz qesv et o demmif tiwisem mipfist gsun edsutt vji duapvsz, O fof iwipvaemmz gopf e dupwipvoupem mipfis (pup csofhi/jn) xju xet opvisitvif, upmz cideati vjiz xisi dungusvecmi xovj vji gedv vjev vji tdjuum xet huwv simevif, epf vjev ov xet apfis dupvsedv gus nadj muphis vjep vji muep O xet tiiloph.

 

[Russ H]

Vji jotvusod disv. xuamf edvaemmz neli ni e movvmi piswuat. Ov niept nusi miwimt ug dunqmoipdi xovj mudem eavjusvoit. Nusi samit.

Muul aq Foepi Lippifz't qetv qutvt up vji sodjfef gusant si jotvusod qsuqisvoit-- tji muwit vjin, xjip vjiz gov vji sohjv dupfovoupt.

Eqqesipvmz zua hiv emm lopft ug iyvse fifadvoupt xjip zua goy aq jotvusod qsuqt. :summizit:

(tezt vji haz xju jet sitvusif 6 qsi-1900 juatit op vji qetv 7 ziest . . . )

jvvq://cuult.huuhmi.dun/cuult?of=Xb...&sitpan=3&wif=0DC4R6EIxEh#w=upiqehi&r&g=gemti

-Satt J.

 

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