CBRE INVESTORS ACQUIRES 29-STORY OFFICE BUILDING

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PHILADELPHIA — CB Richard Ellis (CBRE) Investors has purchased 2000 Market Street, a 29-story, 661,909-square-foot office building located in Philadelphia's central business district. The building has received $3.5 million in renovations over the past 5 years, and CBRE Investors plans to complete an additional $5.5 million in improvements. New features of the building will include a conference center and a fitness center. Occupancy was 76 percent at the time of closing. CBRE Investors made the purchase on behalf of its CBRE Strategic Partners U.S. Value 5 fund.

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