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2000 Market St. Sells for $110M to Rosemont

PHILADELPHIA-After renovating and improving a 29-story downtown office tower it bought in 2009, a CBRE investment fund has sold the 95%-occupied property to Rosemont.

By Antoinette Martin | Updated on March 21, 2013

PHILADELPHIA-CBRE has sold the 2000 Market Street office tower to New Mexico-based  Rosemont Realty for a reported $110  million.  That is close to twice the $56 million a CBRE investment fund paid for it in 2009.

The sale was part of a two-building deal with Rosemont, which also acquired the Dulles View building in suburban Washington, D.C., which had been speculatively built and is now close to fully occupied. CBRE’s Global Investment arm sold the properties on behalf of two of its funds.

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