Posts Tagged: TF Cornerstone

TF Cornerstone Acquires Wanamaker Building

TF Cornerstone acquires Wanamaker Building and plans to redevelop

After years of uncertainty surrounding the future of the iconic Wanamaker building, TF Cornerstone has officially taken full ownership following a foreclosure auction held Tuesday. The New York-based developer announced plans to convert a significant portion of the building’s office space into residential units as part of a major repositioning effort. With the acquisition, TF… Read more »

Wanamaker Building Auction Date Set

Wanamaker Building Auction Date Set

The historic Wanamaker Building in Center City is slated for a foreclosure auction on June 3, with New York-based developer TF Cornerstone holding a $120 million head start. The firm, which acquired the majority of the building’s debt earlier this year, was granted a credit bid of $120 million – the amount owed by current… Read more »

New York Firm Takes Steps to Acquire Wanamaker Building

Wanamaker Building Acquired in Center City

After acquiring a significant portion of the debt on the historic Wanamaker building, TF Cornerstone is now attempting to take control of the Center City office space from its owner, Rubenstein Partners. With the New York-based developer now in possession of the loan, the foreclosure situation has changed. Instead of being managed by a commercial… Read more »