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March 21, 2018  

Majority Stake in Phila. Offices Listed

A Madison International Realty partnership is shopping a 75% interest in a landmark office/retail property in downtown Philadelphia.Madison and Brickstone Cos. jointly own the 746,000-square-foot Lits Building, at 701 Market Street. Their relative ownership stakes are unclear, but Madison, a New York fund shop, wants to exit the investment. Philadelphia-based Brickstone plans to retain a 25% interest and continue managing and leasing the...

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