CBRE Global Snaps Up Two Center City Properties

CBRE Global Investors is reportedly going to acquire United Plaza and 1650 Arch St in Center City. The two properties, which total over 1.1M SF, are trading hands as a portfolio, and will sell for around $200M. TIER REIT (formerly Behringer Harvard REIT I) is the seller, according to the Philadelphia Business Journal. JLL has been marketing the buildings for sale. [PBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Philadelphia Newsletters
Related Stories

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Bucks County Mall Closing As Owners Prepare Redevelopment Plans

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Philly Has The Fundamentals. Now It Has To Reduce The Risk Of Building

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses