Binswanger Arranges Sale of Urban Outfitters Building in Philadelphia, Pennsylvania.

PHILADELPHIA -- Binswanger is pleased to announce the recent sale of a 22,000 sq. ft., 3-story building located at 235 S. 17th Street in Philadelphia, PA at a project cost of $5,000,000.

The buyer, The Star Group, one of the regions largest WBE's, is a privately held marketing communications company. Their client list features high-profile names such as COMCAST, Margaritaville Shrimp, Coca-Cola North America, Arkema and Saladworks. The Star Group purchased this property in an effort to expand their Philadelphia presence.

"This is a significant move," remarked John K. Binswanger, Chairman of Binswanger. "The Star Group is an important presence in Philadelphia and to be a part of their continued growth is a considerable opportunity."

The seller, Urban Outfitters, Inc., is a retailer of apparel, furnishings, gifts and novelties with stores throughout the U.S., Canada and Europe. They are selling this property as their Anthropologie division is moving to its new headquarters at the Navy Yard.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.