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Brandywine Acquires 1717 Arch for $129M

Blackstone Sells Former Bell Atlantic Tower in Philadelphia
By Andrew Deichler
August 8, 2010 | 8:38 P.M.

Brandywine Realty Trust said last week that it has acquired the leasehold interest in 1717 Arch St. in Philadelphia. The Blackstone Group sold the 1 million-square-foot office skyscraper for $129 million, or about $125 per square foot.

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