Schwartz downplayed published reports that the sale was at essentially the same price investors paid for the property when it was acquired in 2007.

"If you think about when that acquisition happened, it happened at the top of the past market, prior to the Great Recession," Schwartz tells GlobeSt.com exclusively. "Let's not forget where we came from not too long ago. To us, it was a high-profile deal in the sense that this is a tremendous, class-A trophy building in a very sought-after suburban Philadelphia office market. This is THE building in West Conshohocken."

300 Four Falls is prominently visible on the south side of the Schuylkill Expressway that connects Philadelphia with its western suburbs.

The sellers consisted of 31 tenant-in-common owners, whose investment interests in 300 Four Falls were managed by National Asset Services.

"Each owned an undivided interest in the whole," Schwartz says."It's a common structure that folks use when investing in commercial real estate, but not as common as other forms."

The sellers were represented by Matthew H. Werthman and Michael K. Coran of Klehr Harrison Harvey Branzburg.

Bank of America, which provided financing for the purchase, was represented by Matthew Robertson and Kevin Sholette of Cadwalader, Wickersham & Taft.