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Pearlmark RE Sells $144M Phila. Office
Pearlmark Real Estate Partners has sold a 32-story office building in Philadelphia's central business district, for $143.5 million.
Pearlmark Real Estate Partners has sold a 32-story office building in Philadelphia's central business district, for $143.5 million, Commercial Real Estate Direct reports. The new owner of the office building is an investor group headed by David Werner.
The property was bought through Jones Lang LaSalle. The buyer has financed the deal with a $123 million debt, provided by UBS and arranged by La Salle and Meridian Capital.
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