The 29-story office tower at 2000 Market Street has been acquired by a joint venture between New York-based CSB Holdings and Maryland-based Tide Realty Capital. The partnership purchased the 668,335-square-foot property for $45.5 million, or roughly $68 per square foot, according to Tide Realty Capital President Aaron Loeb.
Unlike many recent Center City transactions that have involved residential conversion plans, the buyers intend to continue operating 2000 Market strictly as an office property—making it the largest post-pandemic sale of its kind.
Currently 68% leased, the building’s tenants maintain a weighted average lease term of 5.5 years, providing stability as the new owners take over operations.
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