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Off Market
1/52

701 Market St
Philadelphia, PA 19106


HIGHLIGHTS

  • Former iconic department store re-developed into a mixed-use building offering over 650,000 SF of office space and 150,000 SF of retail.
  • Recent renovations include installing rooftop LED signage and full-color-faced lighting, upgraded common areas, and all new streetscaping.
  • Featuring large office floor plates to accommodate businesses of all sizes, available retail space, and on-site banking, shopping, and dining.
  • Take advantage of hassle-free commutes with over 5,000 parking spaces within a five-block radius and direct access to the MFL, BSL & PATCO.

OVERVIEW

Located at 701 Market Street at the corner of North 8th and Market streets, the Lit Brothers Department Store was built in 1893 and has operated for nearly a century. With a nod to its past but reimagined for the future, the landmark building has been revitalized as a best-in-class mixed-use structure and rebranded as The Lits Building. The property offers over 650,000 square feet of prime office space and 150,000 square feet of ground-floor, atrium, and concourse retail/restaurant space. In 2016, building ownership made a multimillion-dollar investment in capital improvements, including rooftop LED signage, full-color façade lighting to showcase the building's historic architecture, all new streetscaping, and upgrades to all common areas and building operating systems. The building also features LEED certification, large office floor plates to accommodate businesses of all sizes with headquarters opportunities, exposed brick beams throughout, and on-site banking, dining, and shopping. The Lits Building is integral to the Market East District's redevelopment efforts and is passed by over 32,000 daily commuters. Arrive to and from the property with ease with over 5,000 available parking spaces within a five-block radius and direct access to the Market–Frankford Line, Broad Street Line, and the PATCO Speedline. Convenient and functional, The Lits Building is primed to provide a high-end experience for all tenants inside one of the city's most iconic and recognizable properties.

FOR LEASE DETAILS

PRICE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

The Lits Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

718085

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1893

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

3.2 AC AC

LAND SF

139,392 SF

ZONING

-

APN/PARCEL ID

883249500