Thor Equities Sells 760 Market for $374MM at 4.5 Cap

(Editor's Note: According to two sources familiar with the transaction, the Phelan Building sold for $374 million at a 4.5 cap rate. At that rate, the per square foot price comes to $1,238 (based on 250,000 square feet of office space and 52,000 square feet of retail space). The buyer is an entity associated with […]