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Two Liberty owner Am Cap seeks investor

With 50 of 90 residential condo units at Two Liberty Place sold, owner America's Capital Partners, which bought the building for $151 million three years ago, has hired Eastdil Securities to find a new investor in the remaining 938,

    by Joseph N. DiStefano
    Published 

With 50 of 90 residential condo units at Two Liberty Place sold, owner America's Capital Partners, which bought the building for $151 million three years ago, has hired Eastdil Securities to find a new investor in the remaining 938,000 sq ft of office space, writes Jeff Mordock in Commercial Real Estate News crenews.com, citing unnamed sources. Top of his story

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Boca Raton developer Falcone Group, which did the condo job, "is looking to exit its investment," Mordock adds. Office space in Center City is selling for around $150 per squre foot, crenews reports, citing Realanalytics. Tenants include Cigna, law firm Buchanan Ingersoll, IBM and Unisys.