Wednesday, April 27, 2016

Equity Commonwealth Sold Locust Street Office for $17.7M

Allan Domb Real Estate acquired the office building at 1525-1529 Locust St. in Philadelphia, PA from Equity Commonwealth for $17.7 million, or about $180 per square foot.

The 19-story, 98,083-square-foot office building was built in 1987 in the Market Street West submarket. At the time of purchase, this building was 97 percent occupied with the law firm Kline & Specter as the anchor tenant.

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