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Tier REIT Exits Philadelphia with $95M Sale of the Three Parkway Office Bldg

MRP Realty, Barings JV Planning Renovations, Amenity Upgrades for 20-Story Tower in Market Street West
By Chris LeBarton
March 7, 2017 | 9:10 P.M.

Washington, DC-based real estate developer MRP Realty, along with Barings Real Estate Advisers, a Hartford, CT-based global asset management firm on behalf of an institutional investor, have closed on the acquisition of the Three Parkway office tower at 1601-1645 Cherry St. in Philadelphia, PA.

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