Coretrust Buys Controlling Interest in Iconic Philadelphia Tower
By
Tony Seruga
The 58-story Two Liberty Place is the third-tallest skyscraper in Philadelphia.
Two Liberty Place
Philadelphia—
Coretrust Capital Partners LLC, through its investment fund Coretrust Value Fund I, has purchased the controlling interests in multiple Two Liberty Place ownership entities. The seller was
Cousins Properties, a partnership advised and led by Parkway Properties Inc. of Orlando. Parkway began looking to
exit the property last year.
Designed by Helmut Jahn of Murphy/Jahn Architects, the high-rise is an iconic feature on the Philadelphia skyline, totaling 1.2 million square feet across 58 floors. The property is part of the Liberty Place, a 3 million-square-foot complex that includes the 61-story One Liberty Place office tower,
The Shops at Liberty Place, an enclosed mall totaling 145,000 square feet of fashion and consumer retail space, and a 294-key Westin Hotel…
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