Crown Properties, Inc. sold an 88% interest in the 502,531-square-foot office building to a joint venture comprised of Optibase, Inc. (20%) and Philadelphia investor Alex Schwartz (68%) for an aggregate $59,576,000, or approximately $135 per square foot. The transaction price was based on a $66 million valuation of Two Penn Center.
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1500 John F Kennedy Blvd, Philadelphia, PA