Philadelphia

Two Liberty Place For Sale, Could Trade For as Much as $250M

 The office portion of Two Liberty Place, a skyscraper that helps define Philadelphia’s skyline, has been put up for sale and could go for as much as an estimated $250 million.

The tower’s 940,000 square feet of office space is 89 percent leased to multiple tenants on a long-term basis including: Cigna Corp., which signed a lease over the summer on 322,086 square feet through 2027; Buchanan Ingersoll, which leases 77,000 square feet through 2021; Republic Bank, which occupies 53, 275 square feet until 2020; and Eckert Seamans, which has 53,000 square feet through 2032. Unisys Corp. subleases roughly 90,000 square feet to 10 tenants.

Read the full story here.


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