1601 Race St
Philadelphia, PA 19102
Franklin Tower · Property For Lease

Franklin Tower is a twenty-four story, 607,474 rentable square foot building that was completed in 1980. The building will be fully redesigned and renovated in 2017 with a conversion to a premier mixed use project by PMC Property Group. It is currently offering the low rise (209,372 SF) bank for office space. Office floors will offer floor to ceiling glass windows that will be convector free and at 25,000 SF, each floor offers generous light, planning efficiency and 8 corner offices. Executive balconies can be added in the corners. The office tower will have its own dedicated elevator lobby on 16th street with contemporary design and finishes for today’s environment. Building signage is available for an anchor tenant. Full floor Add-On Factor: 1.074 Expenses: $8.25 total. Electric: $0.85 10 year tax abatement The building is on the northwest corner of 16th and Race Streets adjacent to a newly renovated 759 room Sheraton convention hotel. The hotel and One Franklin Tower share a 450 parking space, two-story, underground parking garage. Occupants of One Franklin Tower enjoy direct access to the hotel’s restaurant and amenities. Access to Suburban Station is only 1.5 blocks away.