On condition of anonymity, one area retail broker tellsGlobeSt.com it sold for about $210 million, and Spencer Yablon,regional manager in the Philadelphia office of Marcus &Millichap, suggests the price tag was north of $200 million.Regarding a price of between $555 per sf and $583 per sf, Yablontells GlobeSt.com, "that's gigantic."

The price compares with a median sales price of $140 per sf formulti-tenant retail throughout the MSA, according to M&M'ssecond-quarter retail report. "But this is in an irreplaceablelocation," Yablon says. "It's a one-of-a-kind center. There'snothing like it."

"It's well worth it," agrees Steve Gartner, president ofPhiladelphia-based Metro Commercial Real Estate. "A property likethis is priceless, whether it's for current rents or rents in thefuture. It's the lifestyle center everybody wants to buy or buildtoday, even though it's 80 years old," he says. "It's a locationwhere density and affluence come together. Lots of places havemoney, and lots of places have bodies, but this has lots of richbodies."