PHILADELPHIA-Jones Lang LaSalle has closed the sale of a Class A office building in Philadelphia. A partnership created by private real estate investor David Werner has purchased 1700 Market St. for $143.5 million.
A $123-million financing was also included in the deal. The 841,172-square-foot building, located at the corner of Market and 17th streets, also includes a five-story parking garage. The capital markets division of Jones Lang LaSalle marketed the property for Pearlmark Real Estate Partners with Meridian Capital. For the full story, go to Commercial Property Executive .
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