Tuesday, December 20, 2011

Keystone Property Group Pays $22M for Citizens Bank Center

"Pennsylvania-based Keystone Property Group has paid $22 million for Citizens Bank Center, a 221,686-square-foot office tower in Wilmington, Delaware. The firm has purchased the 18-story property located at 919 N. Market St. from the Receivership Estate Over Specific Assets of B&R 919 LLC.

The office tower is 80% occupied. James Wellschlager and Jonathan Carpenter from Cassidy Turley's Capital Markets Group based in Baltimore negotiated the deal on behalf of the seller."

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