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File #: 090815    Version: 0 Name:
Type: Resolution Status: ADOPTED
File created: 11/5/2009 In control: CITY COUNCIL
On agenda: Final action: 11/5/2009
Title: Recognizing Kahn and Company Real Estate on the occasion of celebrating their 100th Anniversary.
Sponsors: Councilmember Kenney, Councilmember Goode, Councilmember Green, Councilmember Jones, Councilmember Miller, Councilmember Blackwell, Councilmember Sanchez, Councilmember DiCicco
Attachments: 1. Resolution No. 09081500.pdf
Title
Recognizing Kahn and Company Real Estate on the occasion of celebrating their 100th Anniversary.
Body
WHEREAS, Kahn and Company is a full-service Real Estate Brokerage firm that also actively invests in and develops commercial real estate within a fifty-mile radius of Philadelphia; and

WHEREAS, Kahn and Company invests and develops neighborhood and regional shopping centers, free-standing retail commercial sites, and long-term leased industrial and office buildings; and

WHEREAS, In 1909, Jacob Kahn founded the business by building and developing automobile dealerships along Chestnut Street and Broad Street, which became Philadelphia's original car shoppers' corridors; and

WHEREAS, Possessing a great enthusiasm for building and developing land into something profitable and useful for the demands of the marketplace, Jacob Kahn expanded his development portfolio to include low-rise urban office buildings, highlighted by the Bell Telephone Building constructed at the corner of 19th and Arch Streets; and

WHEREAS, Shortly after serving in World War I, Jacob's son, Charles, entered the family business. Expanding on the success of his father and seeking to meet the needs of the thrilling world of the automobile industry, Charles worked through the 1920's and 1930's establishing relationships with international oil companies including Texaco, Gulf, Sinclair, and later, Shell Oil; and

WHEREAS, All of these companies shared the priority of penetrating the sprawling Metropolitan Philadelphia marketplace and establishing a circuit of selectively positioned high-profile corner gas stations; and

WHEREAS, Charles Kahn was blessed with the resources and knowledge to serve these requirements, and Charles' integral relationships with oil company executives soon blossomed and led him to develop over 200 gas station sites within a 75 mile radius of downtown Philadelphia; and

WHEREAS, The Company's development base grew as retail companies such as A & P ...

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