MRP Realty, developers and managers of commercial, residential, mixed-use and industrial real estate across the mid-Atlantic region, has recapitalized the firm’s four-property Philadelphia portfolio in a joint venture with the merchant banking division of Goldman Sachs.
The portfolio includes 400 Market St. with 181,587 square feet, 325 Chestnut St. at 206,816 square feet, The Bourse building at 305,922 square feet, and The Bourse Garage with 453 parking stalls. Since acquiring the properties in 2016, MRP has executed extensive capital improvements across the three office assets, including a full repositioning of the Bourse Food Hall, which opened in November of 2018.
“This portfolio of properties provides us a unique opportunity to control an irreplaceable block of class A office product across three recently renovated
