Silverstein Properties, Arden Group and Migdal Insurance, Israel’s leading insurance company and pension and provident fund manager, have entered into a partnership to purchase and manage 1735 Market St., a 1.3 million-square-foot, 54-story trophy class A office building in Philadelphia.
“The building’s impressive roster of tenants, and prime location in the heart of Philadelphia attracted us to this opportunity,” said Marty Burger, CEO of Silverstein Properties. “The city is a global destination that continues to attract businesses. This acquisition marks our company’s expansion to a global destination and transit-oriented market outside of New York City. We look forward to working closely with Craig Spencer and the greater Arden organization. With more companies locating in Philadelphia and the tower’s reputation and strategic positioning, this investment offers great potential for long-term growth
