(To read more on the debt and equity markets, click here.)

PHILADELPHIA-Offices at Two Liberty Place LLC, an affiliate ofMiami-based Americas Capital Partners and Parkland, FL-based FalconFunding LLC, obtained $157 million in financing for Two LibertyPlace. An affiliate of Americas Capital agreed to acquire the57-story, 1.2-million-sf trophy office tower at 1601 Chestnut St.from San Francisco-based Shorenstein Co. this summer.

Although the price remains undisclosed, published reports andbrokers who spoke on condition of anonymity put it at between $145million and $150 million. The lender is the Bethesda, MD-office ofFremont Investment & Loan, and Michael Cochran of SecuredCapital in New York City is the mortgage broker.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.