The building was part of Behringer's $1.4-billionpurchase of 35 assets from IPC US REIT. The original CMBSlender was Wells Fargo Bank, N.A., and LNR Partners was theservicer for the loan.

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The tower, 1650 Arch St. has fallen on some hard times in thelast year. Law firm WolfBlock, whichoccupied 176,000 square feet in the building, went out of businessin March 2009.

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Now Behringer is aggressively marketing the space and will putabout $7 million into renovating the asset over the next fiveyears, Jason Mattox, the firm's chief administration officer, tellsGlobeSt.com. Meanwhile, Jones Lang LaSalle heads leasing effortsfor 1650 Arch St.

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Behringer owns 2.5 million square feet Downtown. Its otherholdings include the Wanamaker Building, Three Parkway and UnitedPlaza.

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