MRP Realty of Washington, DC, is reportedly going to beef up its presence in Philadelphia by acquiring the Kaiserman Co portfolio.
The company is close to putting under agreement four buildings that Kaiserman put up for sale in the spring for about $110M, the Philadelphia Business Journal reports, citing "multiple real estate sources."
The buildings include the 169k SF 400 Market St; the 87k SF Constitution Place; the 281k SF Bourse at 111 S Independence Mall East (pictured); and a 10-story garage at 401 Ranstead St that has 453 parking spaces. [PBJ]
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