In December 2002, UrbanAmerica bought the property, which islocated in center of the University City Science Center Park here,for $80 million. The property then received a major capitalimprovement to make the space more attractive to tenants. Currentlythe tenant roster includes University of Pennsylvania, Children'sHospital of Philadelphia, and FedEx Kinkos.

"It's been an honor to contribute to the growth of City ScienceCenter, and to again illustrate our commitment to the improvementand vitality of inner-city communities and educational facilities,"says Richmond McCoy, UrbanAmerica president and CEO. "Through theimprovement and sound disposition of assets like 3535 Market St.,we are proving that institutional investment in urban communitiesdoes good and makes good financial sense."

David Monzella, UrbanAmerica's VP of acquisitions handled thesale, while CB Richard Ellis' Robert Fahey and Michael Bluntbrokered the deal for the firm.