Thursday, March 24, 2011

Former AAA Building Sells for $8.3M

"PMC Property Group acquired a six-story office building in Philadelphia, PA from NRFC 2040 Market LP for $8.3 million, or about $52 per square foot.

The former AAA building at 2040 Market Street was marketed for just eight weeks prior to closing. It totals 155,787 square feet. The new owner has plans to redevelop the property into residential and retail space."

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