Chubb has listed its 330,000-square-foot office building at 436 Walnut St. in Old City as it prepares to relocate to its new headquarters next year.
Located at the southeast corner of 5th and Walnut streets, just a block from Independence Hall, the 12-story property is zoned CMX-4, allowing for a mix of residential and commercial uses. The 101-year-old building, last renovated in 2005, is being marketed as a potential redevelopment opportunity for office, residential, or hotel use.
The sale comes as Chubb plans to consolidate operations into its forthcoming 438,000-square-foot tower at 2000 Arch St., a $430 million project being developed by Parkway Corp. in the Market West district.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage, advisory and property management firm, is a premier commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other commercial properties for buyers, tenants, investors and sellers.
Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale, www.wolfcre.com.
