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HFF Facilitates $160M Sale, Financing of 1600 Market Street in Philadelphia

1600-Market-St-Philadelphia-PA

Located at 1600 Market St. in Philadelphia, the 39-story tower features 825,968 square feet of office space.

PHILADELPHIA — HFF has arranged the $160 million sale and financing of 1600 Market Street, a 39-story office tower located in Philadelphia’s central business district. An affiliate of American Real Estate Partners acquired the 825,968-square-foot building from Equity Commonwealth for $160 million. Ryan Ade and Cary Abod of HFF secured a three-year, floating-rate loan for the buyer for the acquisition of the property. Doug Rodio and Brett Segal of HFF represented the seller and procured the buyer in the transaction.

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