ROSEMONT REALTY ACQUIRES 665,659 SF CLASS A OFFICE BUILDING IN PHILADELPHIA

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PHILADELPHIA — Rosemont Realty LLC has acquired 2000 Market Street, a 665,659-square-foot office property in Philadelphia, from a fund controlled by CBRE Global Investors. The sales price was not disclosed, but the Philadelphia Business Journal reports that the building traded for an estimated $110 million. The 29-story building was built in 1972 and was renovated in 2012. The 2000 Market Street complex was 95 percent occupied at the time of sale. Tenants include Marshall Dennehey, Fox Rothschild LLP, The Board of Pensions of the Presbyterian Church, Zurich American Insurance, Weber Gallagher, Hamburg Sud Group, Francis Cauffman and Duff & Phelps. CBRE will continue to provide property management and leasing services for the building. Robert Fahey of CBRE brokered the transaction.

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