One of Philadelphia’s most prominent addresses — the Wananamker building — has come up for sale and is expected to grab a price as high as $200 million or more.
The seller is a partnership involving Amerimar Enterprises Inc. of Philadelphia and what used to be known as Behringer Harvard but is referred to as Tier REIT of Dallas.
Amerimar Enterprises has had an ownership interest in the historic building since 1997 when it formed a partnership with Angelo Gordon & Co. and Cargill Financial Services to buy a majority stake in it. Under Amerimar's tutelage, more than $6 million has been invested in the property in upgrades and conversion work.
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