1818 Market Street, owned by a group of investors led by Triple-Net Properties of Santa Ana, Calif., through agent Perna-Frederick, has landed Five Below, the dollar-store chain that targets suburban middle-school students in the eastern U.S. Five Below  will join Merrill Lynch and other corporate tenants at 1818.
Five Below is taking 35,000 square feet, with option to increase to 60,000 as the 200-store chain grows. The chain is leaving its space at Isard-Greenberg's 1616 Walnut St. James Mullarkey of Newmark Knight represented Five Below.

Five Below, started by Zany Brainy veterans Tom Vellios and David Schlessinger, was backed by investor Ira Lubert's Philly-based, Pa. state pension-backed LLR Partners, and later by Boston-based Advent International.

Center City Philadelphia, like most towns outside New York, isn't attracting much in the way of new coprorate tenants these days; so most news is when agents and building owners succeed in poaching each other's current clients, like this. (Corrected)