UrbanAmerica LP recently sold a 435,352-square-foot office building in Philadelphia, Pa., for $110.5 million.
Pro-Med Market LLC purchased the 18-story building, located at 3535 Market St., for $254 a square foot.
Tenants at the time of sale included University of Pennsylvania, Children’s Hospital of Philadelphia and FedEx Kinkos.
UrbanAmerica purchased the property in December 2002 for approximately $80 million and invested in significant capital improvements to attract and retain its current tenant base.
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