Thursday, December 4, 2014

1515 Market sold for $85M



Accesso Partners LLC, the Florida firm formerly known as Beacon Investment Properties, has paid $85 million ($169/ft2) to Winthrop Realty Trust for 1515 Market St., a 502,000 sq. ft. office building whose tenants include Temple University, the Heffler accounting firm, state offices, and ground-floor Citizens Bank and FirstTrust branches, among others. In its sale offering, broker JLL said the building was 87% occupied.


Doug Rodio, executive vice president at JLL and part of the team that closed the deal, said there will be a string of additional Philadelphia-area building sales announced before year's end.

Source: Philly.com

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