CBRE Group, Inc. (CBRE) announced today that the retail team of Dominique Casimir and Jackie Balin have successfully negotiated leases for Sweetgreen (1,912 sf) and VERTS Mediterranean Grill (2,127 sf) at 1601 Market Street in Philadelphia, Pennsylvania. This will mark VERTS first Pennsylvania location.
For the Sweetgreen transaction Dominique represented the Landlord, APF Properties LLC, while Jackie represented the Tenant. Both Dominique and Jackie represented APF Properties while negotiating the lease for VERTS Mediterranean Grill.
“We are excited to open Sweetgreen’s sixth location in the Philadelphia market as they continue to create experiences where purpose and passion meet,” said Balin. “Building on the advantage of CBRE, we were able to bring the best tenants and connect them to the best the city has to offer in expanding options,” added Casimir.
“We have received a tremendous amount of positive feedback for bringing a brand new food concept (VERTS) into Philadelphia,” said Berndt Perl, Managing Member of APF Properties. “Furthermore, tenants are very excited about having a new Sweetgreen location right next to City Hall.”
Both retail tenants are now filling the last vacancies in 1601 Market Street’s new retail development of the first and second floor of this 36-story, 704,000 square-foot office building located in the heart of Center City. The building is now completing the last phase of its $11 million upgrade campaign by completing an extensive lobby renovation as well as the construction of a new state of the art fitness center. The property is currently 98% occupied.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About APF Properties
APF Properties is a fully integrated real estate investment firm with a commercial portfolio valued at more than $800 million. The firm focuses exclusively on commercial office buildings in New York, Philadelphia and Houston. Founded in 1995 by Berndt Perl and Kenneth Aschendorf, APF Properties owns a two million square-foot office portfolio.
