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The time and place was the burgeoning City
of Philadelphia in 1909. Jacob Kahn couldn't help to notice
the profusion of automobiles radically altering the lifestyles
of those around him. He also possessed a great enthusiasm
for building and developing land into something profitable
and useful for the demands of the marketplace. Meeting those
demands, Jacob spearheaded the development of numerous automobile
dealerships along Chestnut Street and Broad Street, Philadelphia's
original car shoppers' corridors. His development portfolio
grew to include low-rise urban office buildings, highlighted
by the Bell Telephone Building constructed at the corner of
19th and Arch Streets.
Shortly after serving in World War I, Jacob's
son, Charles entered the family business. Expanding on the
success of his father Jacob, and seeking to meet the needs
of the thrilling world of 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. All of these companies shared one priority;
to penetrate the sprawling Metropolitan Philadelphia marketplace,
and establish a circuit of selectively positioned high profile
corner gas stations. Charles was blessed with the resources
and knowledge to serve these requirements, and Charles' integral
relationships with oil company executives soon blossomed and
led to his developing over 200 gas station sites within a
75 mile radius of downtown Philadelphia. The Company's development
base grew as retail companies such as A & P Grocery Stores,
Sears, and Woolworth's entrusted The Kahns with the construction,
management and ownership of several of their retail stores
throughout the Delaware Valley. Charles also was sparked by
the excitement of the motion picture industry, and subsequently
built and leased three Philadelphia area theatres for the
Stanley Warner chain, while acquiring and remodeling two other
theatre houses in the suburbs.
After serving in the Marine Corps during World
War II, Charles Jr. entered the third generation family business.
Charles Jr. continued to enhance the valued development and
management relationships with the company's client base of
oil companies, while noticing another pastime beginning to
radically change the weekend culture of America: The Drive-In
Movie Theatre. Charles Jr. scoured the suburban countryside,
identifying and developing vacant fields into meccas of silver
screen entertainment, bustling with weekend traffic anxiously
awaiting the debut of Hollywood's latest extravaganza.
Charles Jr. made the focused decision to bring
the family business into the brokerage arena, creating the
opportunity to bring the two God-given commodities of land
and people together for each one's highest and best use. His
overriding desire to give back to the community led him to
serve numerous philanthropic organizations in meeting their
acquisition, expansion and disposition activities. His wife
Barbara secured her own Brokerage license and entered the
business in the mid-1970's lending her busy husband assistance
where needed.
In 1982-1983, Charles and Barbara's sons,
Jim and Jeff joined Kahn & Co., thereby establishing the
firm as one of Philadelphia's few fourth generation family
businesses. The two brothers sought to grow the brokerage
business by expanding the client base of retail, commercial,
office, industrial and institutional business throughout Philadelphia,
the surrounding suburban counties and Southern New Jersey.
Charles' involvement and expertise with gasoline service stations,
movie theatres, low-rise office buildings and institutional
organizations, combined with his willingness to mentor his
sons, allowed the sons to 'hit the ground running' with a
wide variety of clients and their increasing real estate needs.
Simultaneously, the two brothers grew the management, investment,
and development portfolio to include several shopping centers,
numerous free-standing single tenant retail sites and a high-rise
office building. The increase in property management led the
brothers to relocate the Management staff to a highway accessible
hub location in Fort Washington. Soon after, Jim and Jeff
took on the assignment to lease and sell over 130 surplus
bank branches following the Core States/First Union merger.
Jeff left Kahn & Co. in 1999 to pursue another venture,
while Jim has now focused the company on the brokerage, management,
redevelopment and acquisition of retail and office commercial
real estate. Joe Whitelock, Kahn & Co.'s controller for
over 15 years, secured his Real Estate Sales License in 2001,
expanding his range of expertise with the firm. Charles continues
to maintain a Center City Philadelphia office accompanied
by Paul Silver, Kahn & Co.'s industrial brokerage specialist.
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