In January 2007, in a joint venture with Hartford-based CBRE Realty Finance, Stockton Real Estate Advisors (SREA) acquired 1515 Market Street in Philadelphia, located on the northwest corner of Market and 15th Streets in the heart of downtown Philadelphia, immediately to the west of City Hall. The Building’s location is considered to be one of the premier sites in the Philadelphia CBD. Following the acquisition, Stockton has undertaken a dramatic repositioning of the asset to make it the location of choice for Philadelphias legal and business tenants by way of the extensive underground retail concourse that is accessible through the lobby of the Building. Parking is also directly accessed through the concourse providing protection from the weather from car to office. In addition, there are many other parking facilities in the surrounding area.
Current prestigious tenants include The Commonwealth of Pennsylvania (State Court Administrative offices), Temple University, Citizens Bank, Heffler, Radetich & Saitta LLP and a number of leading law and accounting firms.