5 Crescent Drive, Philadelphia, PA 5 Crescent Drive, Philadelphia, PA

PHILADELPHIA, PA—Korea Investment Management, in its second major acquisition in the Philadelphia market, has acquired 5 Crescent Drive, a 208,000-square-foot office building in the Navy Yard, from Liberty Property Trust for $130.5 million or $628 per square foot. In February 2016, KIM purchased the 870,000-square-foot Cira Square in University City.