Binswanger Named Exclusive Sales Agent for The Inquirer Building in Philadelphia, Pennsylvania

PHILADELPHIA, PA--(Marketwire - Jun 2, 2011) - Binswanger has been named exclusive agent by Philadelphia Media Network to represent them on the sale of their 526,000 sq. ft. building with adjacent five-level parking garage offering 502 spaces, and a .46 acre surface lot offering 200 additional parking spaces. The property is located at 400 North Broad Street in Philadelphia, Pennsylvania.

The Inquirer building has landmark status because of its irreplaceable construction and impeccable design. Floor plates in the building range from 42,500 sq. ft. to 73,700 sq. ft. in the five-story base and 2,500 sq. ft. to 8,000 sq. ft. in the eleven-story tower. Located at the corner of North Broad and Callowhill Streets, the Property sits in the heart of a neighborhood currently being rejuvenated by a variety of projects. Just two blocks away, the $780 million Pennsylvania Convention Center, the largest public project in State history, ensures that the "Avenue of the Arts North", as this part of North Broad Street is rapidly becoming known as, will have over a million people visiting it yearly. Across from the Convention Center, the Pennsylvania Academy of Fine Arts is also completing a major construction project. A few blocks to the west, the brand new Barnes Museum will open its doors in the fall of 2011 providing full access to this internationally renowned, one-of-a-kind collection that has never been before possible. Restaurants like Marc Vetri's Osteria provide fine dining within a few blocks. The Philadelphia School District's Headquarters is right next door and the Philadelphia studios of CBS-TV and the headquarters of Day and Zimmerman is a block away.

The property is ideally located on the Avenue of the Arts North on Broad Street (PA State Route 611), the main north-south artery through the city. Interstates 76 (Schuylkill Expressway), 676, and 95 are all within a five minute drive of the property.

Binswanger is aggressively marketing the property to potential users, investors, and developers. For further information, please visit www.400nbroad.com or contact David Fahey at dfahey@binswanger.com.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.