UrbanAmerica LP recently sold a 435,352-square-foot office building in Philadelphia, Pa., for $110.5 million.

Pro-Med Market LLC purchased the 18-story building, located at 3535 Market St., for $254 a square foot.

Tenants at the time of sale included University of Pennsylvania, Children’s Hospital of Philadelphia and FedEx Kinkos.

UrbanAmerica purchased the property in December 2002 for approximately $80 million and invested in significant capital improvements to attract and retain its current tenant base.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're here to help. Free 90-day trial for new subscribers.Click Here×