JV ACQUIRES 830,000-SF GIRARD SQUARE

by admin

PHILADELPHIA — Girard Square Partners LLC has entered into an agreement with TCA Girard LP to acquire the leasehold interest in Girard Square, an 830,000-square-foot mixed-use complex located in Philadelphia. The complex spans an entire city block, and is bounded by Market, Chestnut, 11th and 12th streets. It comprises four buildings and a parking garage that contains 721,279 square feet of office and retail space, and 500 spaces of parking, respectively. The four buildings include the 13-story Stephen Girard Building, located at 21 S. 12th St.; the two-story 1100 Market Street building; the eight-story 34 South 11th Street building; and the four-story 1101 Chestnut Street building. The interest was acquired from the estate of Stephen Girard for an undisclosed amount. Girard Square Partners is a private partnership between PJSC – Joss Real Estate Partners I LLC, Philadelphia-based Young Capital and Philadelphia-based SSH Real Estate. The property will be leased and managed by SSH.

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