Oct
05
JLL Secures $96M for Philly Office Buy
ByIn an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.
Sometimes you buy a building, sometimes you buy pieces of a building. Whatever works.
A partnership of Taconic Capital Advisors and Cohen Equities, both of New York, has acquired floors three through six of 801 Market St., a 695,130-square-foot, 13-story historic Class B office tower in Philadelphia’s Market East submarket. The deal was announced by JLL Capital Markets, which had secured a $96 million financing package for the buyers…
