Tampa, FL-based Carter & Associates, under the entity Four Penn Center Owner LLC, was revealed as the buyer of Four Penn Center in Philadelphia, PA for $109 million. KanAm Grund, a German investment fund in the midst of selling several of its U.S. office assets to raise funds, sold the high-rise at 1600 John F. Kennedy Blvd. for about $208 per square foot. Four Penn Center is a 20-story, Class A office building comprised of 524,462 square feet. The building was originally constructed in 1964 and has since undergone extensive renovations between 1999 and 2001. The building is complete with a concourse level that grants access to the Philadelphia subway system. Some of the building's major tenants include: Elseview Inc., Post & Schell P.C. and the Federal Insurance Co.