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.


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.


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, Meanwhile, Jones Lang LaSalle heads leasing effortsfor 1650 Arch St.


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

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