Conshohocken fund pays $78.5M for American Bible Society's new home

An investment fund managed by Conshohocken-based Miller Real Estate has paid $78.5 million for the Center City office building that recently become headquarters to the American Bible Society.

The fund closed Sept. 17 on its purchase of the 401 Market St. office building, known as the Plaza, from an affiliate of National Financial Realty in Torrance, Calif., according to documents recorded with the city this month.

Plaza401
401 Market St. office building, known as the Plaza.

The religious organization held a ribbon-cutting this week to mark its relocation to the 500,000-square-foot Philadelphia building from its previous home in New York City. The building also counts Wells Fargo as a tenant.

jadelman@phillynews.com

215-854-2615 @jacobadelman

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