Particle.news
Download on the App Store

Metropolis Puts Shops at Liberty Place on the Market With JLL

The owner seeks a retail-focused buyer as it doubles down on its office portfolio.

Overview

  • Jones Lang LaSalle is listing the ground-floor mall on Chestnut Street between the One and Two Liberty Place towers.
  • Metropolis says it is not selling One Liberty Place and will continue to prioritize its office assets.
  • The retail property totals 147,201 square feet and is roughly 78% leased to more than 30 tenants, including Puttshack and Bloomingdale’s.
  • JLL highlights more than 5.1 million annual visitors and heavy corner traffic, with about 19,200 pedestrians and 14,000 vehicles each day.
  • No asking price is posted, though an anonymous source reported the seller is aiming for roughly $20 million.