An investment fund managed by Conshohocken-based Miller
Real Estate has paid $78.5 million for the Center City office building that
recently become headquarters to the American Bible Society.
The fund closed Sept. 17 on its purchase of the 401
Market St. office building, known as the Plaza, from an affiliate of National
Financial Realty in Torrance, Calif., according to documents recorded with the
city this month.
The religious organization held a ribbon-cutting this
week to mark its relocation to the 500,000-square-foot Philadelphia building
from its previous home in New York City. The building also counts Wells Fargo
as a tenant.
Source: Philly.com
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