Thursday, November 11, 2010

Cedar Shopping Centers Pays $13.4M for IRS Bldg

"Cedar Shopping Centers, Inc. acquired the 230,000-square-foot IRS office building in Philadelphia for $13.38 million, or about $58 per square foot, from 11501 Roosevelt Partners, LP.

The single-story office building was delivered in 1969 at 11501 Roosevelt Blvd. It totals 230,000 square feet and sits on 9.7 acres in the Northeast Philadelphia submarket."

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