CSB Holdings Acquires Office Tower At 2000 Market Street Philadelphia For $45.5M From Nahla Capital

The property asset involved in this transaction is an office building located at 2000 Market Street in Philadelphia, PA. The asset spans 668,335 square feet and was sold for a transaction amount of $45,500,000, equating to a price per square foot of $68. This sale reflects a significant discount from the previous sale price of $126.4 million in 2018.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $45,500,000
• Sale Price: $45,500,000
• Square Footage: 668,335
• Address: 2000 Market Street
• Market: Philadelphia, PA
• Buyer: CSB Holdings
• Buyer's Representative: Aaron Loeb - Tide Realty Capital
• Seller: Genghis Hadi - Nahla Capital
• Broker: Bruer Kershner, Doug Rodio & Jerry Kranzel - CBRE
• Lender: Maxim Capital Group
• Mortgage Broker: Arrow Real Estate Advisors

The transaction involved key figures such as Aaron Loeb representing CSB Holdings in the acquisition, while Genghis Hadi represented Nahla Capital as the seller. CBRE acted as the brokerage for the transaction, with Bruer Kershner, Doug Rodio, and Jerry Kranzel facilitating the sale. Additionally, Maxim Capital Group provided financing for the acquisition, which was arranged by Arrow Real Estate Advisors.