One of Philadelphia’s premier office buildings has entered the market for sale as its loan maturity approaches. Lubert-Adler Real Estate Funds has engaged CBRE to market the 595,000-square-foot property at 2400 Market Street. Overlooking the Schuylkill River, the Center City office building features a prominent location and established corporate tenancy. The property is… Read more »
A fully leased suburban Philadelphia office property is heading to market. The asset is anchored by pharmaceutical giant Cencora. PRP Real Assets, based in Washington, D.C., has listed the 429,120-square-foot building at 1 West First Avenue in Conshohocken, Pennsylvania for sale. The 11-story property was developed as a built-to-suit headquarters for Cencora. The building was… Read more »
Thomas Jefferson University has put a 10-story Center City building on the market. The property sits at 919 Walnut Street and totals about 136,000 square feet. Jefferson is asking $13.5 million, which equals $99 per square foot. The building currently carries a university-use designation. However, it sits in a CMX-5 zoning district, Philadelphia’s least restrictive… Read more »
