Philadelphia, PA - The Center City office of Michael Salove Company Commercial Real Estate is excited to announce the completion of a retail lease transaction at 1429 Walnut Street, with a lease value of more than $4,000,000. The A|X Armani Exchange, which operates over 120 retail locations internationally, opened in December 2007 and occupies 4,083 s.f. on the first floor.
Laurence Steinberg, Director of the Center City office, represented the landlord in this transaction. According to Mr. Steinberg, “This high quality retailer will add new luster to what is quickly becoming one of the best shopping streets in the U.S. We expect that A|X Armani Exchange’s commitment will generate more interest from other high-end designer retailers.”
Michael Salove Company has its headquarters in Center City Philadelphia. It is one of the region’s preeminent tenant and developer advisory firms, exclusively representing regional, national and international retailers and developers.
