Wednesday, July 22, 2015

Brandywine Realty Trust paid $16M for Basciano's Market St. land



Brandywine Realty Trust paid $16.6 million for the 37,000 square feet of property it bought this month on the Center City block that was the site of 2013's deadly building collapse.


The purchase price for the land, which makes up most of the southern side of Market Street's 2100 block, was revealed in documents filed with the city that surfaced Tuesday.

Brandywine's purchase was the largest of several recent transactions through which property investor Richard Basciano finished selling off his Center City holdings. The company paid $17 million for an East Market Street parking structure in April.

Source: Philly.com

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