Skip to content
Link copied to clipboard

Brandywine Realty Trust paid $16M for Basciano's Market St. land

Brandywine Realty Trust paid $16.6 million for the 37,000 square feet of property it bought this month on the Center City block that was the site of 2013's deadly building collapse.

The memorial site that developed after the collapse of the Salvation Army Thrift Store at 22nd and Market streets on June 5, 2013. ( ALEJANDRO A. ALVAREZ / Staff Photographer )
The memorial site that developed after the collapse of the Salvation Army Thrift Store at 22nd and Market streets on June 5, 2013. ( ALEJANDRO A. ALVAREZ / Staff Photographer )Read more
    by Jacob Adelman, Inquirer Staff Writer
    Published 

Brandywine Realty Trust paid $16.6 million for the 37,000 square feet of property it bought this month on the Center City block that was the site of 2013's deadly building collapse.

The purchase price for the land, which makes up most of the southern side of Market Street's 2100 block, was revealed in documents filed with the city that surfaced Tuesday.

Brandywine's purchase was the largest of several recent transactions through which property investor Richard Basciano finished selling off his Center City holdings. The company paid $17 million for an East Market Street parking structure in April.

jadelman@phillynews.com

215-854-2615 @jacobadelman