Beyond My Ken Own work GFDL
PHILADELPHIA—Five Below is relocating its corporate headquarters to Philadelphia's historic Lit Brothers Building at 701 Market Street where it will occupy approximately 180,000 square feet of class A office space plus approximately 15,000 square feet of multi-level retail space.
Stephen Perna, a principal of PernaFrederick, negotiated the 15-year agreement with Independence Realty, a division of Brickstone, which owns the building with Madison International, according to Real Capital Analytics, a proprietary research database. Brickstone also owns The Wanamaker Building and other assets in the Market East submarket.
Five Below is relocating from 1818 Market Street, and plans to remodel the space that was once the home of Lit Brothers department store by infusing its own unique brand culture into the building's rich history. Financial terms were not disclosed.
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