Wednesday, June 13, 2012

Ten Penn Center Refinanced

"Ten Penn Associates LP secured a $65 million refinance loan for its Ten Penn Center office building located at 1801 Market St. in Philadelphia, PA.
HFF, Inc., a Pittsburgh-based provider of capital market services, arranged the refinancing.
Built in 1981, the 27-story office building features 28,856 square feet of retail space, 692,552 square feet of office space, and a restaurant. Ten Penn Associates acquired the building in 2006 as part of a joint venture with Sterling American Property, Inc. for $75 million.

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