A New York real estate investment firm is in talks to sell two more Old City properties after recently unloading nearby buildings. KKR Real Estate Finance Trust Inc. (NYSE: KREF) plans to sell the 209,700-square-foot office building at 325 Chestnut St. and the 469-spot Bourse parking garage at 400 Ranstead St. The firm recently sold… Read more »
MRP Realty is looking to sell its four-building Old City portfolio, a listing that comes seven years after the Washington, D.C., company acquired the properties and entered the Philadelphia office market. The buildings total 713,000 square feet and are collectively 52% occupied. *Article courtesy Philadelphia Business Journal For more information about Philadelphia office space for… Read more »
Financial and information services firm GLG is opening its third major U.S. office in Philadelphia at the Bourse building. The company is investing $2.5 million in the office project, and also received $250,000 from the state in the form of a Pennsylvania First grant. GLG has opened a temporary office space in the Bourse already,… Read more »
