Philadelphia Inquirer Building Up For Sale Again

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The 18-floor office tower that houses The Inquirer, the Philadelphia Daily News, and philly.com is up for sale for the second time in nearly four years.

Philadelphia Media Network Inc., owner of the two daily newspapers and online portal, has retained the Center City real estate brokerage Binswanger to handle the sale of the 526,000-square-foot building, at 400 N. Broad St.

Bids on the building, as well as the five-level, 502-space parking garage at 15th and Callowhill Streets and adjacent 200-space surface lot, are due by 4 p.m. June 27, according to bidding instructions on a Binswanger website.

The building was last put on the market in August 2007 by then-chief executive Brian Tierney. Patriot Equities L.P., of Wayne, had agreed to buy the property in February 2008, but the sale never closed.

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