Keystone Property Group Seeking to Purchase Office Portion of Two Liberty Place

According to an article in the Philadelphia Business Journal, Conshohocken-based Keystone Property Group is seeking to purchase the office portion of Two Liberty Place in Philadelphia. Keystone is the developer seeking to redevelop lower Fayette Street with a hotel, new office buildings, a new parking deck, etc.

From the Philadelphia Business Journal:

Keystone Property Group is making a run at acquiring the office portion of Two Liberty Place.

The Conshohocken, Pa., real estate company has reportedly made an offer on the tower’s 940,000 square feet of office space that could trade for as much as $250 million, according to several sources in the real estate community. There is speculation among these sources that Keystone is teaming up with an off-shore capital source to fund the acquisition.

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