MM Partners Acquires Office Building In Philadelphia For $12M

The office property located at 2100 Arch Street in Philadelphia has been sold for a transaction amount of $12,000,000. The property spans a total of 121,500 square feet and was sold at a price per square foot of $99. The buyer of the property is MM Partners, represented by Aaron Smith. On the other hand, the Jewish Federation, represented by Michael Markman and Michael Balaban, acted as the seller in this transaction.

Summary of transation details

• Property Type: Office
• Transaction Amount: $12,000,000
• Address: 2100 Arch Street
• Square Footage: 121,500
• Price per Square Foot: $99
• Market: Philadelphia
• Buyer: MM Partners - Aaron Smith
• Seller: Jewish Federation - Michael Markman & Michael Balaban

The deal involved MM Partners, a real estate agency represented by Aaron Smith, as the buyer. On the other hand, the Jewish Federation, represented by Michael Markman and Michael Balaban, acted as the seller. This transaction showcases the active real estate market in Philadelphia, with the property being sold at a notable price per square foot.