PHILADELPHIA-Two Penn Center, an office building spanning 505,000 square feet at 1500 John F. Kennedy Blvd., has finally changed hands. New York-based Crown Properties Inc. has sold the 20-story office building to a joint venture entity including Alex Schwartz for approximately $66 million.
The building is currently 82% occupied. Crown Properties bought the property in 1997 for $33.5 million. In February 2011, Two Penn came to the market for sale. Jones Lang LaSalle orchestrated the sale. For the full story, go to Philadelphia Business Journal .
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