Brandywine Realty puts 1900 Market St. up for sale

Chubb Ltd. Offices for Philadelphia

Ten years after buying 1900 Market St. in Philadelphia for $34.8 million, Brandywine Realty Trust has put the 456,922-square-foot building up for sale. The building, which is fully leased, could potentially trade for an estimated $200 million. 

The 8-story building will test investor interest in Center City office buildings, an asset class that has lost some luster during the pandemic for a variety of reasons including general uncertainty of future office use and downtown vibrancy. Many investors have also turned their attention to life sciences, industrial and multifamily properties. 

*Article courtesy of Philadelphia Business Journal

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