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.